Valmont Industries, Inc. (NYSE:VMI) Given Average Recommendation of “Moderate Buy” by Brokerages

Valmont Industries, Inc. (NYSE:VMI) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $448.3333.

Several research analysts have recently commented on VMI shares. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Stifel Nicolaus lifted their target price on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Wednesday. JPMorgan Chase & Co. started coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Finally, DA Davidson boosted their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd.

Insider Activity at Valmont Industries

In related news, insider James Christopher Colwell sold 375 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the sale, the insider owned 7,286 shares of the company’s stock, valued at $2,992,214.48. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VMI. Norges Bank bought a new stake in shares of Valmont Industries during the second quarter valued at approximately $77,860,000. Invesco Ltd. increased its position in Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock valued at $127,563,000 after acquiring an additional 177,749 shares during the period. AQR Capital Management LLC raised its stake in Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after acquiring an additional 153,418 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Valmont Industries by 759.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock worth $49,361,000 after acquiring an additional 152,832 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of Valmont Industries by 882.8% in the third quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock worth $37,829,000 after purchasing an additional 88,893 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Up 3.7%

NYSE VMI traded up $13.92 on Friday, hitting $393.13. 190,947 shares of the stock traded hands, compared to its average volume of 168,206. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $397.13 and a 200 day moving average of $361.98. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $427.81. The company has a market capitalization of $7.74 billion, a P/E ratio of 33.86 and a beta of 1.21.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, analysts expect that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s payout ratio is 23.43%.

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.