Shares of Valmont Industries Inc. (NYSE:VMI) traded today at $239.31, eclipsing its 52-week high. This new high was reached on below average trading volume as 90,000 shares traded hands, while the average 30-day volume is approximately 195,000 shares.
Valmont Industries Inc is a diversified global producer of fabricated metal products, steel, pole structures, towers, irrigation systems, and other components. Manufactured and engineered structures serve the global lighting and traffic, wireless communication, electrical distribution, and roadway safety industries. Other solutions help people and components move safely and effectively in an industrial, infrastructure, or commercial facility. Valmont has four operating segments: engineered support structures, utility support structures, coatings, irrigation and Other. Customers are primarily state and federal governments, contractors, utility and telecommunications, farmers, and other stakeholders in the manufacturing sector. The majority of sales derive from the United States.
Valmont Industries Inc. share prices have moved between a 52-week high of $239.31 and a 52-week low of $82.60 and are now trading 188% above that low price at $237.71 per share.
Valmont Industries Inc. (NYSE:VMI) defies analysts with a current price ($237.71) 3.0% above its average consensus price target of $230.61.
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