Valmont Industries (NYSE:VMI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Valmont Industries (NYSE:VMI) from a hold rating to a buy rating in a research report released on Thursday.

Separately, Stifel Nicolaus reaffirmed a buy rating and issued a $249.00 price objective on shares of Valmont Industries in a research note on Monday, March 25th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $300.00.

Valmont Industries Stock Performance

NYSE VMI opened at $278.41 on Thursday. Valmont Industries has a 1-year low of $188.63 and a 1-year high of $290.15. The company has a market capitalization of $5.62 billion, a P/E ratio of 36.68 and a beta of 1.03. The business has a 50 day moving average price of $265.01 and a 200 day moving average price of $238.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. During the same period last year, the business posted $3.54 EPS. Valmont Industries’s quarterly revenue was down 8.0% on a year-over-year basis. Sell-side analysts expect that Valmont Industries will post 15.96 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, June 28th. Valmont Industries’s payout ratio is 31.62%.

Hedge Funds Weigh In On Valmont Industries

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. grew its position in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 103 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Valmont Industries in the fourth quarter valued at $29,000. Avior Wealth Management LLC grew its position in shares of Valmont Industries by 188.9% in the fourth quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Valmont Industries by 633.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Valmont Industries in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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.