Valmont Industries (NYSE:VMI) Releases Earnings Results, Beats Expectations By $0.54 EPS

Valmont Industries (NYSE:VMI) released its earnings results on Tuesday. The industrial products company reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.70 by $0.54, FiscalAI reports. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.

Valmont Industries Stock Performance

Shares of VMI stock opened at $453.29 on Tuesday. Valmont Industries has a 12-month low of $378.02 and a 12-month high of $585.71. The company has a market capitalization of $8.75 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.02 and a beta of 1.34. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $475.17 and its two-hundred day moving average is $495.57.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Friday, September 25th were given a dividend of $0.77 per share. The ex-dividend date was Friday, September 25th. This represents a $3.08 dividend on an annualized basis and a yield of 0.7%. Valmont Industries’s dividend payout ratio is currently 11.99%.

Analyst Upgrades and Downgrades

VMI has been the topic of several research reports. Wall Street Zen downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $587.00.

Insider Transactions at Valmont Industries

In related news, CFO John Schwietz purchased 208 shares of Valmont Industries stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the transaction, the chief financial officer directly owned 2,992 shares in the company, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Theodor Freye sold 800 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $495.00, for a total value of $396,000.00. Following the transaction, the director directly owned 2,805 shares of the company’s stock, valued at $1,388,475. The trade was a 22.19% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is owned by insiders.

About Valmont Industries

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.