Valmont Industries, Inc. (VMI) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for VMI, as the stock is now down over 6% since Feb 5.
This slump shouldn’t be too much of a surprise to investors, as this seller of fabricated metal products has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
VMI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the industrial goods sector include AngloGold Ashanti Ltd. (AU), AK Steel Holding Corporation (AKS) and Akzo Nobel NV (AKZOY). While AngloGold holds a Zacks Rank #1 (Strong Buy), AK Steel and Akzo Nobel carry a Zacks Rank #2 (Buy).
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VALMONT INDS INC (VMI): Free Stock Analysis Report
ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report
AK STL HLDG CORP (AKS): Free Stock Analysis Report
AKZO NOBEL NV ADR # (AKZOY): Free Stock Analysis Report
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