Stifel Nicolaus Issues Positive Forecast for Valmont Industries (NYSE:VMI) Stock Price

Valmont Industries (NYSE:VMI) had its price objective raised by Stifel Nicolaus from $475.00 to $491.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

VMI has been the subject of several other reports. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 8th. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, DA Davidson upped their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

Valmont Industries Stock Performance

Shares of VMI opened at $410.24 on Tuesday. 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 business’s 50 day moving average price is $407.47 and its 200-day moving average price is $374.23. Valmont Industries has a 52 week low of $250.07 and a 52 week high of $432.68. The stock has a market cap of $8.08 billion, a P/E ratio of 35.34 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities research analysts anticipate that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be paid 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 is currently 23.43%.

Insider Activity

In other news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Valmont Industries

Several hedge funds and other institutional investors have recently made changes to their positions in VMI. Public Employees Retirement System of Ohio increased its stake in Valmont Industries by 0.4% during 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 buying an additional 29 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Valmont Industries by 0.5% in the third quarter. Aptus Capital Advisors LLC now owns 6,223 shares of the industrial products company’s stock valued at $2,413,000 after acquiring an additional 32 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Valmont Industries by 21.7% in the third quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 36 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Valmont Industries by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 38 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Valmont Industries by 0.5% during the second quarter. Thrivent Financial for Lutherans now owns 7,393 shares of the industrial products company’s stock worth $2,433,000 after purchasing an additional 40 shares in the last quarter. 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.