Valmont Industries (NYSE:VMI) Price Target Raised to $387.00

Valmont Industries (NYSE:VMI) had its price target lifted by equities research analysts at Stifel Nicolaus from $382.00 to $387.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 14.24% from the company’s current price.

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

Valmont Industries Stock Down 1.0 %

Valmont Industries stock traded down $3.42 on Friday, hitting $338.78. 11,225 shares of the stock traded hands, compared to its average volume of 125,632. Valmont Industries has a 1 year low of $202.01 and a 1 year high of $354.13. The firm has a market cap of $6.79 billion, a P/E ratio of 23.04 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $327.12 and its 200 day simple moving average is $304.59.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm posted $4.12 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Valmont Industries will post 16.85 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Valmont Industries

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares during the period. Sunbelt Securities Inc. acquired a new stake in Valmont Industries during the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries in the 3rd quarter valued at approximately $39,000. Quarry LP increased its holdings in shares of Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 134 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries during the third quarter worth $58,000. Hedge funds and other 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.