Valmont Industries’ (NYSE:VMI) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Valmont Industries (NYSE:VMI) in a research report released on Tuesday, January 16th, MarketBeat.com reports. They currently have a $181.00 price objective on the industrial products company’s stock, up from their prior price objective of $174.00.

VMI has been the topic of a number of other research reports. Boenning Scattergood restated a buy rating and issued a $185.00 price target on shares of Valmont Industries in a research note on Thursday, October 19th. Zacks Investment Research upgraded Valmont Industries from a sell rating to a hold rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $176.00.

Shares of Valmont Industries (VMI) opened at $169.70 on Tuesday. The company has a market capitalization of $3,868.17, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. Valmont Industries has a 12 month low of $138.30 and a 12 month high of $176.35.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, December 28th. Valmont Industries’s dividend payout ratio (DPR) is currently 17.90%.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its stake in Valmont Industries by 0.7% in the second quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after buying an additional 31 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Valmont Industries by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 6,759 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 120 shares during the last quarter. M&T Bank Corp raised its position in Valmont Industries by 11.1% in the second quarter. M&T Bank Corp now owns 2,006 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 200 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in Valmont Industries by 7.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,028 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 350 shares during the last quarter. Finally, FCA Corp TX raised its position in Valmont Industries by 1.6% in the third quarter. FCA Corp TX now owns 23,987 shares of the industrial products company’s stock valued at $3,792,000 after purchasing an additional 376 shares during the last quarter. 85.30% of the stock is currently owned by institutional investors and hedge funds.

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Valmont Industries Company Profile

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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