Valmont Industries (NYSE:VMI) Updates FY 2029 Earnings Guidance

Valmont Industries (NYSE:VMI) updated its FY 2029 earnings guidance on Tuesday. The company provided earnings per share guidance of 35.000-35.000 for the period. The company issued revenue guidance of -. Valmont Industries also updated its FY 2026 guidance to 21.500-23.500 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson lifted 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. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. Weiss Ratings downgraded shares of Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries currently has an average rating of “Moderate Buy” and an average price target of $525.25.

Valmont Industries Price Performance

VMI stock opened at $539.60 on Tuesday. The company has a 50 day simple moving average of $491.13 and a 200 day simple moving average of $451.08. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.26 and a beta of 1.34. Valmont Industries has a 1 year low of $316.56 and a 1 year high of $558.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.32 EPS. Research analysts anticipate that Valmont Industries will post 22.83 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is currently 17.10%.

Insider Activity

In other news, Director Mogens C. Bay sold 17,500 shares of the company’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 transaction, the director owned 112,309 shares of the company’s stock, valued at $55,294,213.06. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Valmont Industries

Several large investors have recently modified their holdings of VMI. Millennium Management LLC raised its stake in shares of Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after acquiring an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Valmont Industries by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after acquiring an additional 4,676 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Valmont Industries during the first quarter valued at $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Valmont Industries by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after buying an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after buying an additional 105 shares during the period. Institutional investors own 87.84% of the company’s stock.

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.