Valmont Industries (NYSE:VMI) Upgraded by StockNews.com to “Strong-Buy”

Valmont Industries (NYSE:VMI) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Several other research firms also recently weighed in on VMI. DA Davidson lifted their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Valmont Industries has an average rating of “Buy” and a consensus target price of $332.50.

Valmont Industries Stock Performance

Shares of VMI stock traded down $1.84 on Monday, hitting $278.71. 96,659 shares of the stock were exchanged, compared to its average volume of 175,684. The firm’s 50 day moving average is $274.93 and its two-hundred day moving average is $244.82. Valmont Industries has a one year low of $188.63 and a one year high of $307.67. The firm has a market capitalization of $5.62 billion, a PE ratio of 36.72 and a beta of 1.03. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69.

Insider Activity

In other news, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the transaction, the director now directly owns 3,685 shares in the company, valued at approximately $1,105,942.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Timothy P. Francis sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now directly owns 3,685 shares in the company, valued at $1,105,942.20. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Valmont Industries

A number of institutional investors have recently made changes to their positions in VMI. Vanguard Personalized Indexing Management LLC increased its position in shares of Valmont Industries by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock valued at $470,000 after purchasing an additional 42 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Valmont Industries by 2.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,796 shares of the industrial products company’s stock worth $405,000 after acquiring an additional 48 shares in the last quarter. FCA Corp TX raised its stake in shares of Valmont Industries by 0.4% during the fourth quarter. FCA Corp TX now owns 15,133 shares of the industrial products company’s stock worth $3,534,000 after acquiring an additional 53 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 56 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Valmont Industries by 3.0% in the 4th quarter. Private Advisor Group LLC now owns 2,042 shares of the industrial products company’s stock valued at $477,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

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.