Valmont Industries (NYSE:VMI) Lowered to Buy Rating by StockNews.com

Valmont Industries (NYSE:VMI) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st. Finally, DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th.

Valmont Industries Stock Down 3.1 %

Valmont Industries stock opened at $289.99 on Friday. The company has a 50 day moving average of $329.60 and a 200-day moving average of $319.75. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries has a twelve month low of $202.01 and a twelve month high of $379.22. The stock has a market capitalization of $5.82 billion, a PE ratio of 16.88 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period in the prior year, the business earned $3.18 EPS. On average, equities research analysts anticipate that Valmont Industries will post 18.07 EPS for the current fiscal year.

Institutional Trading of Valmont Industries

Several institutional investors and hedge funds have recently bought and sold shares of VMI. 111 Capital acquired a new position in Valmont Industries during the fourth quarter valued at approximately $345,000. Castleark Management LLC boosted its holdings in shares of Valmont Industries by 3.9% in the 4th quarter. Castleark Management LLC now owns 21,710 shares of the industrial products company’s stock valued at $6,658,000 after buying an additional 820 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Valmont Industries by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,872 shares of the industrial products company’s stock valued at $21,428,000 after buying an additional 9,516 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Valmont Industries in the fourth quarter valued at $255,000. Finally, Squarepoint Ops LLC raised its position in Valmont Industries by 141.2% during the fourth quarter. Squarepoint Ops LLC now owns 41,555 shares of the industrial products company’s stock worth $12,744,000 after acquiring an additional 24,323 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.