Valmont Industries, Inc. (NYSE:VMI) Stock Has Consensus Target Price of $587.00 According to Brokerages

Shares of Valmont Industries, Inc. (NYSE:VMI) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $587.00.

VMI has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Weiss Ratings cut shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Wall Street Zen cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th.

Insider Transactions at Valmont Industries

In related news, CFO John Schwietz purchased 208 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the transaction, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Theodor Freye sold 800 shares of Valmont Industries stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares in the company, valued at $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VMI. BlackRock Inc. acquired a new position in shares of Valmont Industries during the 2nd quarter worth $1,141,369,000. Bank of America Corp DE purchased a new stake in shares of Valmont Industries during the second quarter worth about $175,408,000. Geode Capital Management LLC raised its holdings in Valmont Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock valued at $148,509,000 after acquiring an additional 12,480 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Valmont Industries by 3.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock valued at $100,933,000 after purchasing an additional 9,130 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Valmont Industries during the 4th quarter valued at about $99,799,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $465.50 on Friday. The firm has a market cap of $8.99 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. Valmont Industries has a 52 week low of $361.50 and a 52 week high of $585.71. The business’s fifty day simple moving average is $484.16 and its 200-day simple moving average is $488.30.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $4.88 EPS. Equities analysts forecast that Valmont Industries will post 23.08 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries’s dividend payout ratio (DPR) is presently 11.99%.

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through its Infrastructure and Agriculture segments.

Valmont’s Infrastructure segment provides utility and substation structures, engineered poles, lighting and traffic structures, wireless communication infrastructure, transportation products, and protective coatings for steel and other materials.