Valmont Industries (NYSE:VMI) Hits New 52-Week High – Here’s What Happened

Shares of Valmont Industries, Inc. (NYSE:VMI) reached a new 52-week high on Wednesday . The company traded as high as $463.19 and last traded at $456.9260, with a volume of 145589 shares traded. The stock had previously closed at $453.69.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VMI shares. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. DA Davidson lifted their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus increased their price objective on Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $462.33.

Valmont Industries Stock Performance

The firm’s 50 day moving average is $425.54 and its 200 day moving average is $399.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The stock has a market cap of $9.35 billion, a P/E ratio of 40.88 and a beta of 1.22.

Institutional Trading of Valmont Industries

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Valmont Industries by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Valmont Industries by 5.6% in the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 31 shares during the period. Aptus Capital Advisors LLC boosted its stake in Valmont Industries by 0.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 6,223 shares of the industrial products company’s stock worth $2,413,000 after purchasing an additional 32 shares during the period. GAMMA Investing LLC grew its position in Valmont Industries by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 36 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Valmont Industries by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after buying an additional 38 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.