Several other research firms have also issued reports on VMI. Zacks Investment Research lowered shares of Valmont Industries from a strong-buy rating to a hold rating and set a $144.00 price target on the stock. in a research report on Saturday, July 27th. Stifel Nicolaus set a $152.00 price target on shares of Valmont Industries and gave the stock a buy rating in a research report on Friday, October 25th. DA Davidson decreased their price target on shares of Valmont Industries to $155.00 in a research report on Monday, October 7th. Finally, TheStreet upgraded shares of Valmont Industries from a c+ rating to a b rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $150.33.
Shares of NYSE VMI traded up $0.86 during mid-day trading on Monday, reaching $145.60. 13,749 shares of the company traded hands, compared to its average volume of 123,444. Valmont Industries has a fifty-two week low of $103.01 and a fifty-two week high of $146.46. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.62 and a quick ratio of 1.90. The firm has a market cap of $3.12 billion, a PE ratio of 19.21 and a beta of 1.42. The stock has a fifty day simple moving average of $137.14 and a 200-day simple moving average of $130.62.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $744.84 million. During the same quarter in the prior year, the business earned $1.82 EPS. Valmont Industries’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that Valmont Industries will post 8.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.375 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.50 annualized dividend and a yield of 1.03%. Valmont Industries’s dividend payout ratio (DPR) is 19.79%.
A number of institutional investors have recently bought and sold shares of VMI. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the second quarter worth approximately $25,000. HM Payson & Co. acquired a new position in Valmont Industries in the 2nd quarter worth approximately $25,000. Knuff & Co LLC acquired a new position in Valmont Industries in the 3rd quarter worth approximately $55,000. Point72 Hong Kong Ltd boosted its stake in Valmont Industries by 57.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,277 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 468 shares during the period. Finally, World Asset Management Inc acquired a new position in Valmont Industries in the 3rd quarter worth approximately $216,000. Hedge funds and other institutional investors own 84.96% of the company’s stock.
Valmont Industries Company Profile
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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