Stifel Nicolaus Issues Pessimistic Forecast for Valmont Industries (NYSE:VMI) Stock Price

Valmont Industries (NYSE:VMI) had its price target decreased by equities research analysts at Stifel Nicolaus from $425.00 to $343.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 21.41% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Finally, DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th.

Valmont Industries Stock Down 0.4 %

VMI stock opened at $282.51 on Monday. Valmont Industries has a one year low of $202.01 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a fifty day moving average of $314.34 and a 200-day moving average of $319.63. The stock has a market capitalization of $5.67 billion, a PE ratio of 16.44 and a beta of 1.07.

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

Hedge Funds Weigh In On Valmont Industries

A number of large investors have recently bought and sold shares of VMI. Vanguard Group Inc. boosted its holdings in Valmont Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company’s stock valued at $610,531,000 after acquiring an additional 6,967 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock worth $154,007,000 after purchasing an additional 94,884 shares during the period. Dimensional Fund Advisors LP increased its position in Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company’s stock worth $130,389,000 after purchasing an additional 9,201 shares in the last quarter. Earnest Partners LLC lifted its position in Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company’s stock valued at $121,908,000 after buying an additional 16,302 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Valmont Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock worth $97,428,000 after acquiring an additional 4,940 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

About Valmont Industries

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.