Valmont Industries (NYSE:VMI) Downgraded by StockNews.com

Valmont Industries (NYSE:VMI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $249.00 price objective on shares of Valmont Industries in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and an average target price of $262.00.

Valmont Industries Trading Up 0.1 %

Shares of NYSE:VMI opened at $268.37 on Monday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 35.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.65 and a current ratio of 2.64. The stock’s 50-day simple moving average is $254.33 and its two-hundred day simple moving average is $234.61. Valmont Industries has a 52-week low of $188.63 and a 52-week high of $293.63.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm had revenue of $977.83 million for the quarter, compared to analysts’ expectations of $986.98 million. During the same period in the previous year, the firm earned $3.54 EPS. The business’s quarterly revenue was down 8.0% on a year-over-year basis. Analysts expect that Valmont Industries will post 15.94 EPS for the current year.

Institutional Trading of Valmont Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in VMI. Envestnet Asset Management Inc. increased its stake in Valmont Industries by 356.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 32,025 shares of the industrial products company’s stock worth $7,693,000 after acquiring an additional 25,010 shares during the last quarter. FMR LLC increased its stake in Valmont Industries by 140.8% in the 3rd quarter. FMR LLC now owns 133,109 shares of the industrial products company’s stock worth $31,974,000 after acquiring an additional 77,839 shares during the last quarter. Mariner LLC increased its stake in Valmont Industries by 27.7% in the 3rd quarter. Mariner LLC now owns 1,942 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 421 shares during the last quarter. Stifel Financial Corp increased its stake in Valmont Industries by 193.2% in the 3rd quarter. Stifel Financial Corp now owns 8,514 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 5,610 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Valmont Industries by 4.7% in the 3rd quarter. Northern Trust Corp now owns 158,148 shares of the industrial products company’s stock worth $37,989,000 after acquiring an additional 7,092 shares during the last quarter. 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.