Today’s Price Action: Is Buying Valmont Industries, Inc. Here a Winning Strategy?

Today's Price Action: Is Buying Valmont Industries, Inc. Here a Winning Strategy?

The stock of Valmont Industries, Inc. (NYSE:VMI) hit a new 52-week high and has $155.03 target or 5.00% above today’s $147.65 share price. The 9 months bullish chart indicates low risk for the $3.39B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $155.03 price target is reached, the company will be worth $169.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 76,744 shares traded hands. Valmont Industries, Inc. (NYSE:VMI) has risen 5.35% since April 21, 2016 and is uptrending. It has outperformed by 0.02% the S&P500.

Analysts await Valmont Industries, Inc. (NYSE:VMI) to report earnings on February, 15. They expect $1.47 EPS, up 8.89% or $0.12 from last year’s $1.35 per share. VMI’s profit will be $33.75 million for 25.11 P/E if the $1.47 EPS becomes a reality. After $1.48 actual EPS reported by Valmont Industries, Inc. for the previous quarter, Wall Street now forecasts -0.68% negative EPS growth.

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

Out of 2 analysts covering Valmont Industries Inc. (NYSE:VMI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Valmont Industries Inc. has been the topic of 2 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Wedbush on Friday, February 19.

According to Zacks Investment Research, “VALMONT INDUSTRIES, INC. is engaged in industrial products and irrigation products businesses. The Industrial Products segment involves the manufacture and distribution of engineered metal structures and other fabricated products for industrial and commercial applications. The Irrigation Products segment involves the manufacture and distribution of agricultural irrigation equipment and related products.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.35, from 1.17 in 2016Q1. The ratio is negative, as 14 funds sold all Valmont Industries, Inc. shares owned while 79 reduced positions. 31 funds bought stakes while 78 increased positions. They now own 18.81 million shares or 1.80% less from 19.15 million shares in 2016Q1.
Stevens Capital Mgmt Lp accumulated 0.08% or 15,714 shares. Deutsche State Bank Ag owns 96,361 shares or 0.01% of their US portfolio. Product Limited Liability has 26,101 shares for 0.28% of their US portfolio. Makaira Prtn Ltd Llc has invested 13.21% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Goldman Sachs Group holds 0% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 85,130 shares. Eulav Asset Mgmt has 21,600 shares for 0.16% of their US portfolio. The Georgia-based Suntrust Banks Inc has invested 0% in Valmont Industries, Inc. (NYSE:VMI). Cwm Limited Liability last reported 27 shares in the company. Ibm Retirement Fund has 2,242 shares for 0.01% of their US portfolio. The Delaware-based Dupont has invested 0.06% in Valmont Industries, Inc. (NYSE:VMI). Zwj Investment Counsel holds 1.09% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 80,450 shares. Walleye Trading Limited Liability Corp holds 1,958 shares or 0% of its portfolio. Moreover, Wms Ltd Limited Liability Company has 0.05% invested in Valmont Industries, Inc. (NYSE:VMI) for 2,500 shares. D Scott Neal owns 250 shares or 0.03% of their US portfolio. Ameritas Invest Incorporated has invested 0.03% of its portfolio in Valmont Industries, Inc. (NYSE:VMI).

Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 1 sale for $49,568 net activity. $49,568 worth of shares were sold by Randt Clark T. Jr. on Friday, July 29.

More news for Valmont Industries, Inc. (NYSE:VMI) were recently published by: Prnewswire.com, which released: “Valmont Industries, Inc. Third Quarter 2016 Earnings Conference Call” on October 13, 2016. Quotes.Wsj.com‘s article titled: “News Valmont Industries Inc.VMI” and published on February 12, 2011 is yet another important article.

VMI Company Profile

Valmont Industries, Inc., incorporated on August 2, 1974, is a producer of fabricated metal products. The Company’s divisions are Engineered Support Structures, Utility Support Structures, Energy and Mining, Coatings and Irrigation. The Company’s Others segment distributes industrial fasteners. The Company’s clients and end users include state and federal governments, contractors, utility and telecommunications companies, manufacturers of commercial lighting fixtures and large farms, as well as the general manufacturing sector.

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