Valmont Industries, Inc. (NYSE:VMI) Receives $448.33 Average Price Target from Brokerages

Valmont Industries, Inc. (NYSE:VMI) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $448.3333.

A number of brokerages have recently weighed in on VMI. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. DA Davidson lifted their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus increased their target price on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. began coverage on Valmont Industries in a research report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company.

Valmont Industries Trading Up 0.3%

NYSE VMI opened at $414.01 on Tuesday. The stock has a 50-day moving average of $389.19 and a 200-day moving average of $350.85. The firm has a market cap of $8.16 billion, a PE ratio of 35.66 and a beta of 1.15. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. Valmont Industries has a 1-year low of $250.07 and a 1-year high of $427.81.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, sell-side analysts forecast that Valmont Industries will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio is currently 23.43%.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the transaction, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VMI. Norges Bank bought a new position in shares of Valmont Industries in the 2nd quarter worth approximately $77,860,000. Invesco Ltd. grew its stake in shares of Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after buying an additional 177,749 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company’s stock worth $49,361,000 after buying an additional 152,832 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Valmont Industries by 118.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock worth $78,411,000 after buying an additional 148,740 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Valmont Industries by 258.6% in the 2nd quarter. AQR Capital Management LLC now owns 129,192 shares of the industrial products company’s stock worth $42,190,000 after buying an additional 93,163 shares during the last quarter. 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.