Boenning Scattergood reissued their buy rating on shares of Valmont Industries, Inc. (NYSE:VMI) in a report published on Friday morning. They currently have a $185.00 price objective on the industrial products company’s stock.
Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Valmont Industries from a sell rating to a hold rating in a report on Monday, November 6th. Stifel Nicolaus restated a buy rating and issued a $183.00 price target on shares of Valmont Industries in a report on Tuesday, October 17th. Seaport Global Securities started coverage on shares of Valmont Industries in a research note on Wednesday, September 6th. They set a buy rating and a $160.00 price objective for the company. Finally, BidaskClub lowered shares of Valmont Industries from a sell rating to a strong sell rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Valmont Industries presently has an average rating of Hold and a consensus price target of $176.50.
Shares of Valmont Industries (NYSE VMI) opened at $161.10 on Friday. Valmont Industries has a twelve month low of $135.95 and a twelve month high of $165.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. The company has a market cap of $3,582.19, a PE ratio of 23.10, a PEG ratio of 2.27 and a beta of 1.03.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.04). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same quarter in the prior year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts expect that Valmont Industries will post 6.98 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Valmont Industries, Inc. (VMI) Rating Reiterated by Boenning Scattergood” was published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/valmont-industries-inc-vmi-rating-reiterated-by-boenning-scattergood/1774200.html.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.93%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.
Several hedge funds and other institutional investors have recently bought and sold shares of VMI. Thrivent Financial For Lutherans raised its stake in shares of Valmont Industries by 9.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,240 shares of the industrial products company’s stock worth $659,000 after acquiring an additional 380 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Valmont Industries by 15.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 75,979 shares of the industrial products company’s stock valued at $11,815,000 after purchasing an additional 10,190 shares in the last quarter. State Street Corp increased its stake in Valmont Industries by 1.6% during the 1st quarter. State Street Corp now owns 592,014 shares of the industrial products company’s stock valued at $92,059,000 after purchasing an additional 9,182 shares in the last quarter. Bank of Montreal Can increased its stake in Valmont Industries by 86.5% during the 2nd quarter. Bank of Montreal Can now owns 12,201 shares of the industrial products company’s stock valued at $1,825,000 after purchasing an additional 5,660 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Valmont Industries by 3.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,474 shares of the industrial products company’s stock valued at $1,268,000 after purchasing an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with our FREE daily email newsletter.