Valmont Industries, Inc. (VMI) Rating Reiterated by Boenning Scattergood

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.

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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.

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