Brokerages Set Valmont Industries, Inc. (NYSE:VMI) PT at $448.33

Shares of Valmont Industries, Inc. (NYSE:VMI) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $448.3333.

A number of equities analysts recently weighed in on VMI shares. Stifel Nicolaus raised their price objective on Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 20th. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Wednesday, November 19th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, DA Davidson lifted 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.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $398.66 on Friday. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $427.81. The company has a 50-day moving average price of $397.54 and a two-hundred day moving average price of $363.45. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $7.85 billion, a PE ratio of 34.34 and a beta of 1.21.

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

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is 23.43%.

Insiders Place Their Bets

In related 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 sale, 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Trading of Valmont Industries

A number of large investors have recently made changes to their positions in VMI. Franklin Resources Inc. grew its stake in Valmont Industries by 2.7% in the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock worth $171,740,000 after acquiring an additional 13,578 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Valmont Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock valued at $122,682,000 after purchasing an additional 4,722 shares during the period. Invesco Ltd. grew its stake in Valmont Industries by 8.3% in the third quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after purchasing an additional 32,382 shares in the last quarter. Earnest Partners LLC increased its holdings in Valmont Industries by 1.7% during the 3rd quarter. Earnest Partners LLC now owns 399,388 shares of the industrial products company’s stock worth $154,855,000 after purchasing an additional 6,799 shares during the period. Finally, Geode Capital Management LLC raised its position in Valmont Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock valued at $115,704,000 after purchasing an additional 1,321 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.