Valmont Reaches New 52-Week High (VMI)

NEW YORK ( TheStreet) -- Valmont Industries (NYSE: VMI) hit a new 52-week high Thursday as it is currently trading at $119.03, above its previous 52-week high of $118.99 with 28,793 shares traded as of 9:58 a.m. ET. Average volume has been 154,600 shares over the past 30 days.

Valmont has a market cap of $3.06 billion and is part of the industrial goods sector and industrial industry. Shares are up 29% year to date as of the close of trading on Wednesday.

Valmont Industries, Inc. produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally. The company has a P/E ratio of 13.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Valmont as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Valmont Ratings Report.

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