Valmont Industries (NYSE:VMI – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.
VMI has been the topic of several other reports. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on shares of Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Four 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, the company has an average rating of “Moderate Buy” and a consensus price target of $582.00.
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Valmont Industries Trading Down 3.8%
Valmont Industries (NYSE:VMI – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.34. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $4.88 EPS. As a group, analysts predict that Valmont Industries will post 22.82 earnings per share for the current year.
Insider Buying and Selling
In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the transaction, the director directly owned 112,309 shares of the company’s stock, valued at $55,294,213.06. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is currently owned by corporate insiders.
Institutional Trading of Valmont Industries
Large investors have recently made changes to their positions in the company. Robert B. Daugherty Foundation bought a new position in Valmont Industries in the fourth quarter valued at approximately $100,580,000. Norges Bank bought a new stake in Valmont Industries during the fourth quarter worth $99,799,000. Ninety One UK Ltd acquired a new stake in shares of Valmont Industries in the 4th quarter valued at $66,103,000. AQR Capital Management LLC boosted its holdings in shares of Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after purchasing an additional 153,418 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Valmont Industries by 179.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after purchasing an additional 75,377 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
Valmont Industries News Summary
Here are the key news stories impacting Valmont Industries this week:
- Positive Sentiment: Valmont beat second-quarter estimates, reporting EPS of $6.14 versus expectations of $5.76 and revenue of $1.12 billion versus $1.09 billion expected, suggesting solid operational performance. Article Title
- Positive Sentiment: The company raised full-year guidance, and commentary highlighted strong utility/infrastructure demand, which supports the long-term growth story for VMI. Article Title
- Neutral Sentiment: Analysts continued to frame the quarter as a mixed setup: strong utility growth and better earnings, but only a moderate increase to EPS guidance, which may have limited the upside reaction. Article Title
- Neutral Sentiment: Recent price-target updates remain constructive, including Stifel’s move to $678 and JP Morgan’s $600 target, indicating Wall Street still sees upside despite the pullback. Article Title
- Negative Sentiment: Shares fell as investors weighed lingering weakness in agriculture and softer telecommunications demand, which offset the strong headline earnings beat. Article Title
- Negative Sentiment: GuruFocus said VMI remains overvalued on its GF Value measure, reinforcing concerns that the stock may have gotten ahead of fundamentals. Article Title
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.
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