Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on Valmont (NYSE: VMI) today. The company’s shares closed yesterday at $127.52, close to its 52-week low of $125.19.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 7.5% and a 62.7% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
The word on The Street in general, suggests a Hold analyst consensus rating for Valmont with a $145 average price target.
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Based on Valmont’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $32.96 million. In comparison, last year the company had a net profit of $35.21 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. Last month, John Kehoe, the Sr VP Info Technology and CIO of VMI sold 3,059 shares for a total of $420,613.
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Valmont Industries, Inc. engages in the manufacturing of engineered metal structures and components. It operates through the following segments: Engineered Support Structures, Utility Support Structures, Coatings and Irrigation.
