Stifel Nicolaus set a $152.00 target price on Valmont Industries (NYSE:VMI) in a report issued on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the industrial products company’s stock.
Other analysts also recently issued research reports about the stock. TheStreet raised shares of Valmont Industries from a c+ rating to a b rating in a research note on Monday, September 16th. DA Davidson decreased their price target on shares of Valmont Industries to $155.00 in a research note on Monday, October 7th. ValuEngine downgraded shares of Valmont Industries from a hold rating to a sell rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of Valmont Industries from a strong-buy rating to a hold rating and set a $144.00 price target for the company. in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $150.33.
Valmont Industries stock opened at $136.02 on Friday. The company has a 50 day moving average price of $137.38 and a 200-day moving average price of $130.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.89 and a current ratio of 2.62. Valmont Industries has a fifty-two week low of $103.01 and a fifty-two week high of $146.46. The company has a market capitalization of $2.87 billion, a PE ratio of 17.94 and a beta of 1.42.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.45). Valmont Industries had a net margin of 4.88% and a return on equity of 15.28%. The company had revenue of $690.34 million for the quarter, compared to the consensus estimate of $744.84 million. During the same period in the prior year, the firm posted $1.82 EPS. The business’s revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that Valmont Industries will post 7.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is 19.79%.
In related news, VP Mark C. Jaksich sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $137.19, for a total value of $1,028,925.00. Following the completion of the transaction, the vice president now owns 24,187 shares of the company’s stock, valued at $3,318,214.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.10% of the company’s stock.
A number of large investors have recently modified their holdings of VMI. Point72 Asset Management L.P. bought a new position in Valmont Industries in the second quarter worth approximately $25,000. HM Payson & Co. bought a new position in Valmont Industries in the second quarter worth approximately $25,000. Point72 Hong Kong Ltd raised its stake in Valmont Industries by 57.8% in the second quarter. Point72 Hong Kong Ltd now owns 1,277 shares of the industrial products company’s stock worth $162,000 after buying an additional 468 shares in the last quarter. World Asset Management Inc bought a new position in Valmont Industries in the third quarter worth approximately $216,000. Finally, Trexquant Investment LP bought a new position in Valmont Industries in the second quarter worth approximately $256,000. 85.59% of the stock is owned by institutional investors.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.
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