Shares of Valmont Industries, Inc. (NYSE:VMI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $525.25.
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Oppenheimer set a $600.00 price target on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 31st. Finally, Stifel Nicolaus upped their price target on Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd.
Get Our Latest Research Report on Valmont Industries
Insider Activity
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Valmont Industries by 0.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 21 shares in the last quarter. Allen Capital Group LLC raised its position in shares of Valmont Industries by 2.2% in the 4th quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 24 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Valmont Industries by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after acquiring an additional 29 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Valmont Industries by 7.1% in the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 30 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of Valmont Industries by 5.6% in the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.
Valmont Industries Trading Up 2.8%
NYSE VMI opened at $555.93 on Wednesday. Valmont Industries has a 1-year low of $316.56 and a 1-year high of $572.69. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $494.21 and a 200-day moving average of $452.10. The firm has a market cap of $10.79 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34.
Valmont Industries (NYSE:VMI – Get Free Report) last released its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. During the same quarter in the previous year, the company posted $4.32 EPS. Valmont Industries’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Valmont Industries will post 22.83 EPS for the current year.
Valmont Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. Valmont Industries’s dividend payout ratio is presently 17.10%.
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.
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