Valmont Industries (NYSE:VMI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Valmont Industries (NYSE:VMI) from a hold rating to a buy rating in a research report report published on Friday.

Other equities analysts also recently issued research reports about the stock. DA Davidson lifted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Valmont Industries in a research note on Saturday, September 27th. Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. initiated coverage on Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 target price for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $420.67.

Valmont Industries Trading Up 0.4%

Shares of VMI stock opened at $394.46 on Friday. Valmont Industries has a 1-year low of $250.07 and a 1-year high of $397.30. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 36.73 and a beta of 1.15. The stock has a 50-day moving average of $373.69 and a 200-day moving average of $333.56.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business posted $4.91 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities research analysts forecast that Valmont Industries will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 25.33%.

Insider Activity at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Valmont Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in Valmont Industries by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock worth $171,740,000 after acquiring an additional 13,578 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Valmont Industries by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock worth $122,682,000 after purchasing an additional 4,722 shares during the last quarter. Invesco Ltd. grew its position in Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock worth $127,563,000 after purchasing an additional 177,749 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Valmont Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock worth $115,704,000 after buying an additional 1,321 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of Valmont Industries by 0.8% in the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock worth $102,408,000 after buying an additional 2,500 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.