Boenning & Scattergood Cuts Valmont (NYSE:VMI) Stock To a “Neutral” Rating

July 13, 2018 - By Mary Markley

Valmont Industries, Inc. (NYSE:VMI) Logo

Investors sentiment decreased to 0.68 in Q1 2018. Its down 0.44, from 1.12 in 2017Q4. It dropped, as 31 investors sold Valmont Industries, Inc. shares while 89 reduced holdings. 22 funds opened positions while 60 raised stakes. 18.95 million shares or 0.41% less from 19.03 million shares in 2017Q4 were reported.

The Massachusetts-based Btim Corporation has invested 0.39% in Valmont Industries, Inc. (NYSE:VMI). Hsbc Public Ltd reported 3,103 shares or 0% of all its holdings. D E Shaw And Co has invested 0% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Da Davidson & Com, a Montana-based fund reported 42,949 shares. Mackenzie Corporation holds 0.02% or 40,294 shares. Fifth Third Bancshares invested in 168 shares. Moneta Gp Invest Advsr Limited Company has 395 shares for 0.01% of their portfolio. 67,909 are held by Prudential Fincl Inc. Dean Cap Management holds 1.31% or 18,070 shares in its portfolio. Farr Miller & Washington Limited Liability Company Dc holds 150,920 shares. Wells Fargo & Co Mn holds 0% or 47,564 shares. Raymond James And has 12,660 shares. 1.87 million are owned by Vanguard Group Inc. Cwm Limited Liability invested in 54 shares. Canada Pension Plan Board, Ontario – Canada-based fund reported 40,234 shares.

Valmont (NYSE:VMI) Receives a Downgrade

Valmont (NYSE:VMI) was decreased by investment analysts at Boenning & Scattergood from their past “Outperform” rating to a “Neutral” rating in an analyst report issued on Friday morning.

Valmont Industries, Inc. (NYSE:VMI) Ratings Coverage

Among 2 analysts covering Valmont (NYSE:VMI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Valmont has $181.0 highest and $141 lowest target. $141’s average target is 0.65% above currents $140.09 stock price. Valmont had 4 analyst reports since January 16, 2018 according to SRatingsIntel. On Tuesday, January 23 the stock rating was downgraded by Seaport Global to “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, April 16. The rating was maintained by Stifel Nicolaus on Friday, February 23 with “Hold”. The stock of Valmont Industries, Inc. (NYSE:VMI) has “Hold” rating given on Tuesday, January 16 by Stifel Nicolaus.

The stock increased 1.29% or $1.79 during the last trading session, reaching $140.09. About 129,453 shares traded or 25.67% up from the average. Valmont Industries, Inc. (NYSE:VMI) has risen 0.24% since July 13, 2017 and is uptrending. It has underperformed by 12.33% the S&P500.

Analysts await Valmont Industries, Inc. (NYSE:VMI) to report earnings on July, 23 after the close. They expect $2.21 EPS, up 9.95 % or $0.20 from last year’s $2.01 per share. VMI’s profit will be $49.84 million for 15.85 P/E if the $2.21 EPS becomes a reality. After $1.87 actual EPS reported by Valmont Industries, Inc. for the previous quarter, Wall Street now forecasts 18.18 % EPS growth.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The company has market cap of $3.16 billion. It operates through five divisions: Engineered Support Structures, Utility Support Structures, Coatings, Energy and Mining, and Irrigation. It has a 27.4 P/E ratio. The Engineered Support Structures segment makes and distributes engineered metal, wood, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

More important recent Valmont Industries, Inc. (NYSE:VMI) news were published by: which released: “Boenning & Scattergood Downgrades Valmont Industries (VMI) to Neutral” on July 13, 2018, also published article titled: “44 Biggest Movers From Yesterday”, published: “Valmont revises FY18 guidance downwards” on July 12, 2018. More interesting news about Valmont Industries, Inc. (NYSE:VMI) was released by: and their article: “30 Stocks Moving In Thursday’s Mid-Day Session” with publication date: July 12, 2018.

Valmont Industries, Inc. (NYSE:VMI) Institutional Positions Chart

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