Valmont Industries (NYSE:VMI) Price Target Raised to $678.00

Valmont Industries (NYSE:VMI) had its price objective boosted by Stifel Nicolaus from $645.00 to $678.00 in a report issued on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Zacks Research raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $587.00.

Valmont Industries Trading Down 3.4%

Shares of VMI stock opened at $487.94 on Monday. The business has a 50-day moving average price of $539.13 and a two-hundred day moving average price of $477.68. Valmont Industries has a 12-month low of $352.60 and a 12-month high of $585.71. The company has a quick ratio of 1.59, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The firm has a market cap of $9.47 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating the consensus estimate of $5.80 by $0.34. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.88 EPS. Equities analysts anticipate that Valmont Industries will post 22.82 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Friday, June 26th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 26th. Valmont Industries’s payout ratio is presently 17.10%.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction on Friday, April 24th. The shares were 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 of the company’s stock, valued at $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Valmont Industries

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its position in 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 purchasing an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after buying an additional 4,676 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Valmont Industries during the first quarter valued at approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Valmont Industries by 3.8% during the first 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 buying an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Valmont Industries by 223.4% during the first 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 in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Key Valmont Industries News

Here are the key news stories impacting Valmont Industries this week:

• Positive Sentiment: Valmont posted stronger-than-expected Q2 results, with EPS of $6.14 versus the consensus near $5.80 and revenue of $1.12 billion above estimates. Article: Valmont Industries (VMI) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year 2026 sales and earnings outlook, helped by strength in utilities and coatings, which supports the longer-term investment case. Article: VMI Q2 Earnings Beat Estimates on Utility Strength, FY26 View Raised
• Neutral Sentiment: Analyst sentiment remains constructive overall, with JPMorgan raising its price target to $620 and keeping an overweight rating, suggesting Wall Street still sees upside from current levels. Article: JPMorgan Raises Valmont Industries Price Target
• Neutral Sentiment: However, Zacks Research downgraded Valmont to hold, reflecting a more cautious stance after the earnings move. Article: Zacks Research Downgrades Valmont Industries
• Negative Sentiment: Investors are still weighing weakness in agriculture and softer telecom demand, which may be tempering enthusiasm despite the earnings beat and guidance increase. Article: Valmont Industries slips as investors weigh a modest guidance raise against lingering weak spots

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.