Valmont Industries (NYSE:VMI) Hits New 12-Month High – Still a Buy?

Valmont Industries, Inc. (NYSE:VMI) shares hit a new 52-week high on Monday . The stock traded as high as $432.89 and last traded at $432.9890, with a volume of 84871 shares traded. The stock had previously closed at $425.58.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. DA Davidson raised their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $475.00 to $491.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Valmont Industries Stock Performance

The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 36.90 and a beta of 1.20. The firm’s 50-day moving average is $410.78 and its two-hundred day moving average is $387.47.

Valmont Industries (NYSE:VMI) last announced its earnings results 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. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s payout ratio is 23.43%.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Institutional Trading of Valmont Industries

Several large investors have recently bought and sold shares of VMI. Community Bank N.A. acquired a new position in shares of Valmont Industries during the 3rd quarter worth approximately $25,000. First Horizon Corp acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in Valmont Industries during the third quarter worth $36,000. Farther Finance Advisors LLC increased its stake in shares of Valmont Industries by 357.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

About Valmont Industries

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.