Stifel Nicolaus Boosts Valmont Industries (NYSE:VMI) Price Target to $360.00

Valmont Industries (NYSE:VMI - Get Free Report) had its price objective upped by equities research analysts at Stifel Nicolaus from $350.00 to $360.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price objective would suggest a potential upside of 12.16% from the company's previous close.

Several other equities analysts have also commented on the stock. DA Davidson upped their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $370.00.

Valmont Industries Trading Down 1.4 %

VMI traded down $4.64 during trading hours on Thursday, reaching $320.96. The company's stock had a trading volume of 164,630 shares, compared to its average volume of 157,258. The stock has a market cap of $6.47 billion, a PE ratio of 21.34 and a beta of 1.02. Valmont Industries has a fifty-two week low of $188.63 and a fifty-two week high of $330.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63. The business's 50-day moving average is $286.70 and its 200-day moving average is $268.11.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.63% and a net margin of 7.38%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.12 EPS. As a group, equities research analysts predict that Valmont Industries will post 16.78 earnings per share for the current fiscal year.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now owns 9,471 shares of the company's stock, valued at $2,826,998.79. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the business's stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the transaction, the chief financial officer now owns 9,471 shares in the company, valued at $2,826,998.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Theodor Werner Freye sold 1,600 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Valmont Industries

A number of institutional investors have recently bought and sold shares of VMI. Earnest Partners LLC acquired a new stake in shares of Valmont Industries during the 2nd quarter worth about $91,878,000. Sei Investments Co. lifted its position in shares of Valmont Industries by 794.2% during the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company's stock worth $54,373,000 after buying an additional 175,961 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Valmont Industries by 39.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 258,845 shares of the industrial products company's stock worth $71,040,000 after buying an additional 73,084 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Valmont Industries by 69.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 161,605 shares of the industrial products company's stock valued at $36,891,000 after buying an additional 65,970 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of Valmont Industries in the 1st quarter valued at $8,776,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.