Valmont Industries, Inc. (NYSE:VMI) Given Average Rating of “Moderate Buy” by Analysts

Valmont Industries, Inc. (NYSE:VMI) has earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $462.00.

A number of analysts recently commented on VMI shares. JPMorgan Chase & Co. began coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. DA Davidson boosted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th.

Valmont Industries Stock Up 1.4%

VMI opened at $426.21 on Friday. Valmont Industries has a fifty-two week low of $250.07 and a fifty-two week high of $432.68. The firm has a market capitalization of $8.40 billion, a P/E ratio of 36.71 and a beta of 1.20. The company’s 50-day moving average is $409.35 and its 200 day moving average is $385.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $4.11 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Research analysts expect that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

Insider Activity at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider owned 7,286 shares in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Valmont Industries

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Valmont Industries during the 2nd quarter valued at about $77,860,000. Invesco Ltd. grew its position in Valmont Industries by 83.5% during the second quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock valued at $127,563,000 after acquiring an additional 177,749 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after acquiring an additional 153,418 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Valmont Industries by 882.8% in the 3rd quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock valued at $37,829,000 after purchasing an additional 88,893 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Valmont Industries by 179.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after purchasing an additional 75,377 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

About Valmont Industries

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.