Valmont Industries, Inc. (NYSE:VMI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Valmont Industries, Inc. (NYSE:VMI) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $500.3333.

Several equities research analysts have issued reports on the company. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. DA Davidson lifted their price objective on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their price target on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Stifel Nicolaus boosted their price target on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Friday, March 27th.

Insider Buying and Selling at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the sale, the director directly owned 112,309 shares in the company, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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. Vanguard Personalized Indexing Management LLC boosted its position in Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 21 shares during the period. Allen Capital Group LLC boosted its position in Valmont Industries by 2.2% during the 4th quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 24 shares during the period. Public Employees Retirement System of Ohio boosted its position in Valmont Industries by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock valued at $2,933,000 after purchasing an additional 29 shares during the period. Rothschild Investment LLC boosted its position in Valmont Industries by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 30 shares during the period. Finally, Wedmont Private Capital boosted its position in Valmont Industries by 5.6% during the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 31 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $506.19 on Friday. The company has a market cap of $9.83 billion, a P/E ratio of 28.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. Valmont Industries has a one year low of $305.07 and a one year high of $528.49. The business’s 50-day simple moving average is $442.24 and its 200 day simple moving average is $433.05.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating the consensus estimate of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same period last year, the business posted $4.32 EPS. The company’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts forecast that Valmont Industries will post 22.78 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 Wednesday, July 15th. Stockholders of record on Friday, June 26th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s payout ratio is 17.10%.

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.