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NEW YORK ( TheStreet) -- Valmont Industries (NYSE: VMI) hit a new 52-week high Friday as it is currently trading at $125.42, above its previous 52-week high of $122 with 315,911 shares traded as of 10:35 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 30.3% year to date as of the close of trading on Thursday. 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 14, above the average industrial industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7.