Valmont Industries (NYSE:VMI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Valmont Industries (NYSE:VMIFree Report) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Several other equities research analysts have also recently commented on VMI. DA Davidson increased their price target on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.33.

View Our Latest Research Report on Valmont Industries

Valmont Industries Stock Performance

VMI opened at $415.00 on Friday. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $418.90. The firm has a market capitalization of $8.19 billion, a PE ratio of 38.64 and a beta of 1.15. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $382.69 and its 200 day moving average price is $342.72.

Valmont Industries (NYSE:VMIGet Free Report) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. Valmont Industries’s quarterly revenue was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, sell-side analysts expect that Valmont Industries will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is 25.33%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Valmont Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMI. WPG Advisers LLC acquired a new stake in Valmont Industries during the first quarter worth $27,000. Smartleaf Asset Management LLC grew its stake in shares of Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Valmont Industries by 357.1% in the third quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 75 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Valmont Industries by 93.9% in the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after buying an additional 62 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew 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 in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Valmont Industries

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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.

Further Reading

Analyst Recommendations for Valmont Industries (NYSE:VMI)

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