Weiss Ratings Reaffirms “Hold (C)” Rating for Valmont Industries (NYSE:VMI)

Valmont Industries (NYSE:VMI)‘s stock had its “hold (c)” rating reissued by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently commented on VMI. DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus raised their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.67.

Valmont Industries Price Performance

Shares of VMI stock opened at $399.04 on Wednesday. The stock has a 50 day moving average of $376.84 and a two-hundred day moving average of $336.00. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. Valmont Industries has a 12 month low of $250.07 and a 12 month high of $411.17. The company has a market capitalization of $7.88 billion, a P/E ratio of 37.15 and a beta of 1.15.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $4.91 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities analysts expect that Valmont Industries will post 18.07 EPS for the current year.

Insiders Place Their Bets

In related 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 completion of the sale, the chief accounting officer directly owned 9,746 shares of the company’s stock, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in Valmont Industries during the 1st quarter valued at $27,000. Smartleaf Asset Management LLC increased its holdings in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 62 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at $46,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at $47,000. 87.84% of the stock is owned by institutional investors and hedge funds.

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.