Valmont Industries (NYSE:VMI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Valmont Industries (NYSE:VMI) had its price objective lifted by investment analysts at Stifel Nicolaus from $360.00 to $382.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 14.29% from the company’s current price.

Separately, DA Davidson upped their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Trading Up 0.9 %

Shares of Valmont Industries stock traded up $2.94 during trading on Wednesday, reaching $334.23. 25,152 shares of the company were exchanged, compared to its average volume of 151,649. The business has a 50-day moving average price of $325.26 and a 200-day moving average price of $293.10. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 22.74 and a beta of 1.03. Valmont Industries has a twelve month low of $202.01 and a twelve month high of $354.13.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.11. The company 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 23.10% and a net margin of 7.38%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.12 earnings per share. Sell-side analysts anticipate that Valmont Industries will post 16.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now directly owns 9,408 shares in the company, valued at approximately $2,963,520. This trade represents a 29.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,977 shares of company stock worth $13,950,095. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Valmont Industries

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in Valmont Industries during the third quarter worth approximately $466,000. Foundry Partners LLC acquired a new position in shares of Valmont Industries in the third quarter valued at approximately $4,158,000. De Lisle Partners LLP grew its position in shares of Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after purchasing an additional 5,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Valmont Industries by 14.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 184,880 shares of the industrial products company’s stock valued at $50,740,000 after purchasing an additional 23,275 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its position in shares of Valmont Industries by 69.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after purchasing an additional 2,997 shares during the last quarter. Institutional investors and hedge funds 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.