Zacks Investment Research cut shares of Valmont Industries (NYSE:VMI) from a hold rating to a sell rating in a research note published on Friday.

According to Zacks, “Valmont has underperformed the industry it belongs to over a year. Valmont faces certain challenges in its irrigation business. Uncertainties around potential impacts of tariffs and trade policies coupled with low net farm income levels are causing farmers to delay their irrigation purchase decisions in North America. The utility business also faces headwind from a challenging environment in Northern Europe and project delays.”

A number of other research firms have also recently issued reports on VMI. ValuEngine upgraded Valmont Industries from a sell rating to a hold rating in a research report on Wednesday, August 29th. Boenning Scattergood cut Valmont Industries from an outperform rating to a neutral rating in a research report on Friday, July 13th. Stifel Nicolaus boosted their price objective on Valmont Industries from $135.00 to $145.00 and gave the company a hold rating in a research report on Wednesday, July 25th. Finally, TheStreet cut Valmont Industries from a b- rating to a c+ rating in a research report on Thursday, October 4th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of Hold and a consensus target price of $173.33.

Shares of VMI traded up $0.43 on Friday, reaching $128.87. 107,095 shares of the stock traded hands, compared to its average volume of 104,956. The stock has a market cap of $3.10 billion, a PE ratio of 18.49, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a current ratio of 2.83, a quick ratio of 2.20 and a debt-to-equity ratio of 0.64. Valmont Industries has a 12 month low of $126.85 and a 12 month high of $176.35.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $682.41 million for the quarter, compared to analysts’ expectations of $709.92 million. Valmont Industries had a return on equity of 13.89% and a net margin of 3.74%. During the same period in the previous year, the business posted $2.01 earnings per share. Equities analysts forecast that Valmont Industries will post 7.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is 21.52%.

In other Valmont Industries news, SVP John A. Kehoe sold 3,059 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $137.50, for a total value of $420,612.50. Following the sale, the senior vice president now directly owns 2,911 shares in the company, valued at $400,262.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC boosted its stake in Valmont Industries by 101.3% in the second quarter. Moneta Group Investment Advisors LLC now owns 795 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 400 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in Valmont Industries in the first quarter worth $138,000. HRT Financial LLC acquired a new position in Valmont Industries in the second quarter worth $224,000. TLP Group LLC acquired a new position in Valmont Industries in the first quarter worth $235,000. Finally, Paloma Partners Management Co acquired a new position in Valmont Industries in the second quarter worth $256,000. Hedge funds and other institutional investors own 87.46% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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