Stifel Nicolaus Raises Valmont Industries (NYSE:VMI) Price Target to $491.00

Valmont Industries (NYSE:VMI) had its price objective increased by investment analysts at Stifel Nicolaus from $475.00 to $491.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 19.86% from the stock’s previous close.

VMI has been the subject of several other research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 8th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective for the company. Finally, DA Davidson increased their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

Valmont Industries Price Performance

Shares of VMI stock traded down $2.34 during mid-day trading on Tuesday, hitting $409.63. 78,086 shares of the stock traded hands, compared to its average volume of 166,002. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $432.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The company’s 50-day simple moving average is $407.20 and its 200-day simple moving average is $373.59. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 35.28 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.34. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, equities research analysts expect that Valmont Industries will post 18.07 earnings per share for the current year.

Insider Activity at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the sale, the insider owned 7,286 shares in the company, valued at $2,992,214.48. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Community Bank N.A. bought a new position in shares of Valmont Industries during the 3rd quarter worth $25,000. WPG Advisers LLC purchased a new stake in Valmont Industries during the first quarter valued at about $27,000. First Horizon Corp bought a new position in Valmont Industries during the third quarter worth about $29,000. Smartleaf Asset Management LLC increased its stake in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Valmont Industries in the third quarter worth about $36,000. Institutional investors and hedge funds 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.