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

Shares of Valmont Industries, Inc. (NYSE:VMI) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $587.00.

Several equities research analysts recently weighed in on VMI shares. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. upped their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Oppenheimer set a $600.00 price target on Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Stifel Nicolaus boosted their price objective on Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday, July 20th.

Insider Activity at Valmont Industries

In related news, CFO John L. Schwietz bought 208 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were purchased at an average price of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer owned 2,992 shares in the company, valued at $1,454,530.88. This trade represents a 7.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodor Werner Freye sold 800 shares of the stock in a transaction 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 sale, the director owned 2,805 shares in the company, valued at $1,388,475. The trade was a 22.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Valmont Industries

Institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of Valmont Industries during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in Valmont Industries in the fourth quarter worth about $27,000. Leonteq Securities AG purchased a new position in shares of Valmont Industries during the fourth quarter valued at approximately $30,000. State of Wyoming purchased a new position in shares of Valmont Industries during the fourth quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Valmont Industries during the first quarter valued at approximately $37,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

NYSE:VMI opened at $457.73 on Thursday. The business’s 50-day moving average is $536.86 and its 200 day moving average is $479.89. Valmont Industries has a 12 month low of $353.41 and a 12 month high of $585.71. The company has a market capitalization of $8.88 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.10 and a beta of 1.33. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.34. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.88 EPS. On average, equities research analysts forecast that Valmont Industries will post 22.96 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be issued a $0.77 dividend. The ex-dividend date is Friday, September 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s payout ratio is 11.99%.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.