Valmont Industries (NYSE:VMI) Price Target Raised to $501.00

Valmont Industries (NYSE:VMI) had its price objective lifted by Stifel Nicolaus from $492.00 to $501.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

VMI has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. DA Davidson upped their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $487.00.

Valmont Industries Trading Up 1.7%

Shares of VMI stock opened at $471.53 on Wednesday. The firm has a fifty day moving average price of $437.35 and a 200-day moving average price of $407.84. Valmont Industries has a 1 year low of $250.07 and a 1 year high of $487.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.50. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 28.03 and a beta of 1.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $4.92 EPS for the quarter, missing analysts’ consensus estimates of $4.95 by ($0.03). Valmont Industries had a return on equity of 23.82% and a net margin of 8.53%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $3.84 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. As a group, equities analysts predict that Valmont Industries will post 18.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robert B. Daugherty Foundation purchased a new stake in Valmont Industries during the 4th quarter valued at about $100,580,000. Norges Bank purchased a new stake in shares of Valmont Industries in the fourth quarter valued at approximately $99,799,000. Invesco Ltd. boosted its holdings in Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after buying an additional 177,749 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Valmont Industries in the fourth quarter valued at about $66,103,000. Finally, AQR Capital Management LLC boosted its stake in Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after buying an additional 153,418 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

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.