Valmont Industries (VMI) Receiving Favorable Press Coverage, Accern Reports

Media coverage about Valmont Industries (NYSE:VMI) has been trending positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valmont Industries earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 66 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Insider Buying and Selling by Quarter for Valmont Industries (NYSE:VMI)

A number of research firms have recently commented on VMI. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Thursday, March 2nd. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. William Blair reaffirmed a “market perform” rating on shares of Valmont Industries in a research note on Sunday, April 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Valmont Industries has a consensus rating of “Hold” and a consensus price target of $167.50.

Valmont Industries (VMI) traded up 1.36% during mid-day trading on Friday, reaching $148.85. 483,164 shares of the company were exchanged. The stock’s 50-day moving average is $149.49 and its 200-day moving average is $149.10. Valmont Industries has a 12 month low of $120.65 and a 12 month high of $165.20. The company has a market cap of $3.36 billion, a P/E ratio of 18.83 and a beta of 0.99.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, April 19th. The industrial products company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.08. Valmont Industries had a return on equity of 14.93% and a net margin of 6.99%. The company had revenue of $637.47 million during the quarter, compared to the consensus estimate of $626.02 million. During the same period last year, the business earned $1.45 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Valmont Industries will post $7.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, June 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 18.96%.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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