Valmont Industries (NYSE:VMI) Hits New 12-Month High on Earnings Beat

Valmont Industries, Inc. (NYSE:VMI) shares reached a new 52-week high on Tuesday following a better than expected earnings announcement. The stock traded as high as $418.08 and last traded at $391.78, with a volume of 14586 shares. The stock had previously closed at $408.97.

The industrial products company reported $4.98 EPS for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. 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 last year, the firm earned $4.11 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS.

Valmont Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price for the company. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday. Stifel Nicolaus boosted their target price on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday. Finally, DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.33.

Insider Activity

In related news, CAO Timothy P. Francis sold 2,867 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was 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 in the company, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Trading of Valmont Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Valmont Industries by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock valued at $78,000 after acquiring an additional 36 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Valmont Industries by 4.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 38 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Valmont Industries by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 7,393 shares of the industrial products company’s stock valued at $2,433,000 after acquiring an additional 40 shares during the period. D.B. Root & Company LLC increased its position in shares of Valmont Industries by 1.6% in the 2nd quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company’s stock valued at $877,000 after acquiring an additional 41 shares during the period. Finally, Beverly Hills Private Wealth LLC increased its position in shares of Valmont Industries by 3.8% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 43 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

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 firm has a 50-day moving average of $382.69 and a 200-day moving average of $342.72. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 38.64 and a beta of 1.15.

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.