Valmont Industries, Inc. (NYSE:VMI) Receives $500.33 Consensus Target Price from Brokerages

Valmont Industries, Inc. (NYSE:VMI) has earned an average recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $500.3333.

VMI has been the subject of a number of recent analyst reports. DA Davidson lifted their target price on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Stifel Nicolaus lifted their target price on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th.

Valmont Industries Stock Up 1.4%

VMI stock opened at $513.40 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $9.97 billion, a PE ratio of 28.51 and a beta of 1.36. Valmont Industries has a twelve month low of $307.94 and a twelve month high of $528.49. The stock has a 50-day simple moving average of $449.57 and a two-hundred day simple moving average of $436.10.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.32 EPS. On average, equities analysts predict that Valmont Industries will post 22.78 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s dividend payout ratio (DPR) is 17.10%.

Insider Activity

In other news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares in the company, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Institutional Trading of Valmont Industries

A number of large investors have recently modified their holdings of VMI. Millennium Management LLC boosted its position in shares of Valmont Industries by 225.1% during the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after acquiring an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Valmont Industries by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after acquiring an additional 4,676 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Valmont Industries during the 1st quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Valmont Industries by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after acquiring an additional 2,639 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Company Profile

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.