Stifel Nicolaus Forecasts Strong Price Appreciation for Valmont Industries (NYSE:VMI) Stock

Valmont Industries (NYSE:VMI) had its target price upped by equities researchers at Stifel Nicolaus from $491.00 to $492.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 11.86% from the company’s previous close.

Several other equities analysts have also recently weighed in on VMI. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. began coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Finally, DA Davidson increased their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.33.

Valmont Industries Stock Performance

Valmont Industries stock opened at $439.82 on Friday. Valmont Industries has a fifty-two week low of $250.07 and a fifty-two week high of $451.45. The firm’s 50 day simple moving average is $415.80 and its 200-day simple moving average is $392.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The company has a market cap of $8.66 billion, a P/E ratio of 37.88 and a beta of 1.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VMI. Public Employees Retirement System of Ohio boosted its position in shares of Valmont Industries by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares in the last quarter. Wedmont Private Capital raised its stake in Valmont Industries by 5.6% during the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock worth $245,000 after buying an additional 31 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Valmont Industries by 0.5% during the third quarter. Aptus Capital Advisors LLC now owns 6,223 shares of the industrial products company’s stock worth $2,413,000 after acquiring an additional 32 shares in the last quarter. GAMMA Investing LLC grew its stake in Valmont Industries by 21.7% in the third quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 36 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Valmont Industries by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 38 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.