Brokerages Set Valmont Industries, Inc. (NYSE:VMI) PT at $462.33

Valmont Industries, Inc. (NYSE:VMI) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $462.3333.

VMI has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. DA Davidson increased their target price on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Stifel Nicolaus upped their price target on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research note on Friday, January 23rd.

Hedge Funds Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Community Bank N.A. bought a new stake in shares of Valmont Industries in the 3rd quarter valued at $25,000. Elyxium Wealth LLC acquired a new position in Valmont Industries in the fourth quarter valued at about $27,000. Leonteq Securities AG bought a new stake in shares of Valmont Industries in the fourth quarter worth about $30,000. First Horizon Corp bought a new stake in shares of Valmont Industries in the third quarter worth about $29,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Valmont Industries during the third quarter worth about $36,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $474.57 on Thursday. The stock has a market capitalization of $9.35 billion, a P/E ratio of 40.88 and a beta of 1.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. Valmont Industries has a 1-year low of $250.07 and a 1-year high of $479.53. The business has a 50-day moving average price of $426.77 and a two-hundred day moving average price of $400.69.

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.