Valmont Industries (NYSE:VMI) Sets New 12-Month High – What’s Next?

Valmont Industries, Inc. (NYSE:VMI)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $452.10 and last traded at $442.3150, with a volume of 28731 shares trading hands. The stock had previously closed at $444.94.

Analysts Set New Price Targets

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

Valmont Industries Stock Down 0.5%

The firm has a market capitalization of $8.78 billion, a P/E ratio of 38.38 and a beta of 1.20. 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 50 day moving average of $421.57 and a 200-day moving average of $395.94.

Institutional Investors Weigh In On Valmont Industries

Several institutional investors have recently made changes to their positions in the stock. Robert B. Daugherty Foundation bought a new stake in shares of Valmont Industries during the 4th quarter valued at $100,580,000. Norges Bank bought a new stake in shares of Valmont Industries during the second quarter valued at about $77,860,000. Invesco Ltd. lifted its holdings in shares of Valmont Industries by 83.5% in the second 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 in the last quarter. Ninety One UK Ltd bought a new position in shares of Valmont Industries in the fourth quarter valued at approximately $66,103,000. Finally, AQR Capital Management LLC grew 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 valued at $108,884,000 after acquiring an additional 153,418 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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.