Valmont Industries (NYSE:VMI) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Valmont Industries (NYSE:VMI) in a research note published on Friday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $480.00 price target on the industrial products company’s stock.

A number of other research firms have also weighed in on VMI. Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Stifel Nicolaus upped their price target on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, DA Davidson upped their price target on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $420.67.

Valmont Industries Stock Performance

NYSE VMI opened at $385.54 on Friday. The stock’s fifty day moving average is $369.99 and its two-hundred day moving average is $331.37. The firm has a market capitalization of $7.61 billion, a P/E ratio of 35.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries has a fifty-two week low of $250.07 and a fifty-two week high of $388.55.

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

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s dividend payout ratio is 25.33%.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Valmont Industries

Several large investors have recently bought and sold shares of the stock. WPG Advisers LLC purchased a new position in shares of Valmont Industries in the 1st quarter valued at about $27,000. Smartleaf Asset Management LLC grew its stake in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after buying an additional 62 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after buying an additional 105 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Valmont Industries during the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

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.