Valmont Industries, Inc. (NYSE:VMI) Receives Average Recommendation of “Moderate Buy” from Analysts

Valmont Industries, Inc. (NYSE:VMI) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $420.6667.

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. DA Davidson upped their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a report on Saturday, September 27th.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $396.67 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $375.23 and a 200-day simple moving average of $334.80. The company has a market cap of $7.83 billion, a PE ratio of 36.93 and a beta of 1.15. Valmont Industries has a 12-month low of $250.07 and a 12-month high of $403.87.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $4.91 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities research analysts forecast that Valmont Industries will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Valmont Industries

Several hedge funds have recently modified their holdings of VMI. GAMMA Investing LLC lifted its stake in Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock valued at $18,405,000 after buying an additional 64,370 shares in the last quarter. Rhumbline Advisers lifted its stake in Valmont Industries by 0.9% during the first quarter. Rhumbline Advisers now owns 53,734 shares of the industrial products company’s stock valued at $15,334,000 after buying an additional 454 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Valmont Industries by 162,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,626 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 1,625 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of Valmont Industries by 9.8% in the 1st quarter. Portside Wealth Group LLC now owns 829 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 74 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Valmont Industries by 38.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,571 shares of the industrial products company’s stock valued at $734,000 after acquiring an additional 709 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.