Valmont Industries Rating Adjusted by William Blair

Investment analysts at William Blair recently announced a downgrade for Valmont Industries (NYSE:VMI), moving their rating from "outperform" to "market perform" in a report released on Friday.

Valmont Industries is a well-known manufacturer operating within the infrastructure and agriculture sectors, with a significant presence both in the United States and internationally.

Recent Analyst Reviews

The stock of Valmont Industries has been scrutinized by various analysts, with DA Davidson also downgrading the shares from a "buy" to a "neutral" rating and setting a price target of $380.00. Meanwhile, StockNews.com adjusted their rating, lowering it from "strong-buy" to just "buy" in their own research note. In the same timeframe, Stifel Nicolaus took a different approach by increasing their price target from $387.00 to $425.00 while maintaining a "buy" rating.

Valmont Industries Stock Performance

As of Friday, Valmont Industries' stock opened at $326.50, reflecting a slight decrease of 1.3%. The company has experienced fluctuations, reaching a 52-week low of $202.01 and a high of $379.22. Valmont’s trading metrics include a 50-day moving average of $332.53 and a two-hundred day moving average of $318.77. With a market capitalization of approximately $6.55 billion, the stock demonstrates a price-to-earnings ratio of 19.00 and a beta value of 0.98.

Recent Earnings Report

On February 18, Valmont Industries reported its latest quarterly earnings, achieving an earnings per share (EPS) of $3.84. This figure surpassed the analysts' expectations, which were set at $3.63, thereby outperforming them by $0.21. During this quarter, Valmont Industries recorded a net margin of 8.55% alongside a return on equity of 23.15%. Furthermore, the company's revenue reached $1.04 billion, exceeding the consensus estimate of $1.01 billion. Analysts predict an average EPS of 18.07 for the current fiscal year.

Institutional Ownership Trends

In terms of ownership, institutional investors control a significant portion of Valmont Industries, holding around 87.84% of the company’s stock. Recent changes in shareholder positions include Sunbelt Securities Inc. acquiring new shares, valued at approximately $35,000, and Point72 Asset Management L.P. also entering with a position valued at $58,000. Additional notable changes include Aster Capital Management DIFC Ltd increasing its holdings by 175.7%, now owning 193 shares worth $59,000.

About Valmont Industries

Valmont Industries, Inc. operates as a manufacturer catering to both infrastructure and agriculture markets across multiple geographic regions, including the United States, Australia, and Brazil. Its operations are divided into two segments: Infrastructure and Agriculture. The company produces and sells a variety of products, including steel and concrete structures for various applications, as well as poles and structures designed for lighting and transportation.

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