Valmont Industries (NYSE:VMI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Valmont Industries (NYSE:VMI) from a buy rating to a hold rating in a research report released on Saturday.

Several other equities research analysts have also issued reports on VMI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. DA Davidson raised their price objective on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Finally, Stifel Nicolaus increased their price target on Valmont Industries from $492.00 to $501.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $487.00.

Valmont Industries Trading Down 1.8%

NYSE VMI opened at $459.75 on Friday. Valmont Industries has a 52 week low of $250.07 and a 52 week high of $487.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.58 and a current ratio of 2.35. The stock’s 50 day moving average price is $442.61 and its two-hundred day moving average price is $411.34. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 27.33 and a beta of 1.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $4.92 earnings per share for the quarter, missing the consensus estimate of $4.95 by ($0.03). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Valmont Industries had a return on equity of 23.82% and a net margin of 8.53%.Valmont Industries’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.84 earnings per share. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. As a group, analysts anticipate that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $3.08 annualized dividend and a yield of 0.7%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.68. Valmont Industries’s payout ratio is 16.17%.

Hedge Funds Weigh In On Valmont Industries

Several large investors have recently modified their holdings of VMI. Azzad Asset Management Inc. ADV bought a new stake in Valmont Industries during the 3rd quarter worth approximately $739,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Valmont Industries during the third quarter valued at $1,658,000. Asset Management One Co. Ltd. lifted its holdings in shares of Valmont Industries by 441.2% during the third quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 4,028 shares during the period. Cornerstone Planning Group LLC bought a new stake in shares of Valmont Industries in the third quarter worth $5,663,000. Finally, Allianz Asset Management GmbH increased its holdings in Valmont Industries by 1.2% in the third quarter. Allianz Asset Management GmbH now owns 283,740 shares of the industrial products company’s stock valued at $110,015,000 after purchasing an additional 3,379 shares during the period. 87.84% of the stock is owned by institutional investors.

Valmont Industries Company Profile

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.