Valmont Industries, Inc. (NYSE:VMI) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $173.00.

A number of analysts have recently weighed in on the company. Stifel Nicolaus downgraded Valmont Industries from a “buy” rating to a “hold” rating and cut their target price for the company from $177.00 to $174.00 in a research report on Monday, December 11th. Boenning Scattergood reiterated a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research report on Thursday, October 19th. Zacks Investment Research upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Seaport Global Securities assumed coverage on Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 target price for the company. Finally, BidaskClub downgraded Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.

Valmont Industries (NYSE:VMI) traded down $0.50 during trading hours on Friday, hitting $163.85. The stock had a trading volume of 99,700 shares, compared to its average volume of 130,456. The company has a market cap of $3,715.57, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. Valmont Industries has a 1 year low of $135.95 and a 1 year high of $176.35.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The company had revenue of $680.78 million for the quarter, compared to the consensus estimate of $652.65 million. Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. analysts expect that Valmont Industries will post 6.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.92%. Valmont Industries’s dividend payout ratio is currently 17.90%.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Valmont Industries by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,869,447 shares of the industrial products company’s stock worth $279,669,000 after purchasing an additional 90,745 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Valmont Industries by 53.0% in the third quarter. Pictet Asset Management Ltd. now owns 623,558 shares of the industrial products company’s stock valued at $98,585,000 after buying an additional 215,893 shares during the period. Schroder Investment Management Group increased its stake in shares of Valmont Industries by 51.1% in the third quarter. Schroder Investment Management Group now owns 600,058 shares of the industrial products company’s stock valued at $95,109,000 after buying an additional 202,817 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Valmont Industries by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 537,511 shares of the industrial products company’s stock valued at $84,981,000 after buying an additional 6,112 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Valmont Industries by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 432,874 shares of the industrial products company’s stock valued at $64,758,000 after buying an additional 19,215 shares during the period. 85.26% of the stock is owned by institutional investors and hedge funds.

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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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