Valmont Industries (NYSE:VMI) Downgraded to “Hold” Rating by Wall Street Zen

Valmont Industries (NYSE:VMI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

VMI has been the subject of a number of other reports. DA Davidson increased their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research note on Wednesday. Stifel Nicolaus increased their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries presently has a consensus rating of “Moderate Buy” and an average price target of $420.67.

Valmont Industries Stock Down 2.5%

Shares of NYSE VMI opened at $389.37 on Friday. The stock has a market cap of $7.69 billion, a PE ratio of 36.25 and a beta of 1.15. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries has a 52-week low of $250.07 and a 52-week high of $411.17. The business has a 50-day moving average price of $377.45 and a 200 day moving average price of $336.63.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities research analysts forecast that Valmont Industries will post 18.07 earnings per share for the current year.

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Valmont Industries

Several hedge funds have recently modified their holdings of the stock. WPG Advisers LLC acquired a new position in Valmont Industries in the first quarter worth about $27,000. Smartleaf Asset Management LLC boosted its stake in Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares during the period. Parkside Financial Bank & Trust boosted its stake in Valmont Industries by 93.9% in the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 62 shares during the period. Geneos Wealth Management Inc. boosted its stake in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 105 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Valmont Industries in the second quarter valued at approximately $46,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

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.