Stifel Nicolaus Boosts Valmont Industries (NYSE:VMI) Price Target to $425.00

Valmont Industries (NYSE:VMI) had its target price increased by investment analysts at Stifel Nicolaus from $387.00 to $425.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 16.55% from the stock’s current price.

Separately, DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $364.66 on Wednesday. The firm has a fifty day moving average of $322.28 and a two-hundred day moving average of $310.97. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 24.77 and a beta of 1.05. Valmont Industries has a 52 week low of $202.01 and a 52 week high of $379.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company posted $3.18 EPS. As a group, equities research analysts predict that Valmont Industries will post 16.88 EPS for the current 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 dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Valmont Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in shares of Valmont Industries by 12.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 31 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Valmont Industries by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock worth $1,211,000 after acquiring an additional 34 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Valmont Industries by 1.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 35 shares during the period. Huntington National Bank boosted its holdings in shares of Valmont Industries by 16.5% during the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 35 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Valmont Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 35 shares during the period. 87.84% of the stock is owned by 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.