Valmont Industries, Inc. (NYSE:VMI) Receives $462.00 Average PT from Analysts

Shares of Valmont Industries, Inc. (NYSE:VMI) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $462.00.

Several research analysts have commented on VMI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. DA Davidson upped their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. initiated coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, insider James Christopher Colwell sold 375 shares of Valmont Industries stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares of the company’s stock, valued at approximately $2,992,214.48. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Valmont Industries

Several institutional investors have recently made changes to their positions in VMI. Asset Management One Co. Ltd. lifted its position in Valmont Industries by 441.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock worth $1,916,000 after acquiring an additional 4,028 shares during the last quarter. Mariner Investment Group LLC bought a new position in shares of Valmont Industries in the second quarter worth about $653,000. Ensign Peak Advisors Inc lifted its position in shares of Valmont Industries by 32.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock worth $3,593,000 after purchasing an additional 2,673 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in Valmont Industries during the 2nd quarter valued at approximately $510,000. Finally, Inspire Investing LLC grew its holdings in Valmont Industries by 170.6% in the 1st quarter. Inspire Investing LLC now owns 3,610 shares of the industrial products company’s stock valued at $1,030,000 after buying an additional 2,276 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.4%

NYSE VMI opened at $434.70 on Friday. 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 has a 50 day moving average price of $410.40 and a 200-day moving average price of $387.18. Valmont Industries has a 52 week low of $250.07 and a 52 week high of $439.04. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 37.44 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $4.11 EPS. The company’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. As a group, equities analysts expect that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm 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 of this dividend is Friday, December 26th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio (DPR) is currently 23.43%.

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.