Valmont Industries, Inc. (VMI) Receives $183.00 Average Price Target from Analysts

Shares of Valmont Industries, Inc. (NYSE:VMI) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $183.00.

A number of brokerages have issued reports on VMI. Stifel Nicolaus reiterated a “hold” rating and set a $181.00 price target (up previously from $174.00) on shares of Valmont Industries in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Seaport Global Securities downgraded Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Boenning Scattergood restated a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a research report on Thursday, October 19th.

In other news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gofen & Glossberg LLC IL acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $209,000. Clarus Wealth Advisors acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $214,000. State of Alaska Department of Revenue acquired a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $215,000. Balyasny Asset Management LLC acquired a new stake in shares of Valmont Industries in the second quarter valued at approximately $246,000. Finally, Trexquant Investment LP acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $252,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Shares of Valmont Industries (NYSE:VMI) traded up $2.30 during mid-day trading on Monday, reaching $153.70. The company’s stock had a trading volume of 113,079 shares, compared to its average volume of 83,032. The stock has a market capitalization of $3,422.80, a P/E ratio of 18.34, a P/E/G ratio of 1.88 and a beta of 0.98. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65. Valmont Industries has a 52 week low of $140.90 and a 52 week high of $176.35.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.375 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.98%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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