Valmont Industries (NYSE:VMI) Coverage Initiated by Analysts at JPMorgan Chase & Co.

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

VMI has been the subject of several other research reports. Stifel Nicolaus raised their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wall Street Zen cut Valmont Industries from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Finally, DA Davidson increased their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $420.67.

Valmont Industries Stock Performance

Valmont Industries stock opened at $385.54 on Friday. The company’s 50-day moving average price is $369.99 and its 200-day moving average price is $331.25. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.61 billion, a PE ratio of 35.90 and a beta of 1.14. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $388.55.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $4.91 earnings per share. 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 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling 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 completion of the sale, the chief accounting officer owned 9,746 shares of the company’s stock, valued at approximately $3,494,135.92. This represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional Trading of Valmont Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 111 Capital acquired a new stake in Valmont Industries during the fourth quarter worth $345,000. Versant Capital Management Inc grew its holdings in shares of Valmont Industries by 558.3% during the 1st quarter. Versant Capital Management Inc now owns 1,310 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 1,111 shares during the period. GAMMA Investing LLC increased its position in shares of Valmont Industries by 51,911.3% during the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock worth $18,405,000 after purchasing an additional 64,370 shares during the last quarter. Summit Global Investments raised its holdings in Valmont Industries by 47.5% in the 1st quarter. Summit Global Investments now owns 3,544 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 1,141 shares during the period. Finally, Private Client Services LLC purchased a new position in Valmont Industries during the first quarter worth about $825,000. Institutional investors and hedge funds 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.