Valmont Industries, Inc. (NYSE:VMI) Receives $487.00 Average Target Price from Analysts

Valmont Industries, Inc. (NYSE:VMIGet Free Report) has earned an average recommendation of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $500.3333.

VMI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Friday, March 27th. Stifel Nicolaus raised their target price on shares of Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, DA Davidson raised their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th.

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Valmont Industries Stock Performance

NYSE:VMI opened at $494.59 on Tuesday. Valmont Industries has a 1 year low of $286.50 and a 1 year high of $496.31. The firm’s fifty day simple moving average is $428.93 and its 200 day simple moving average is $422.75. The company has a current ratio of 2.38, a quick ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $9.67 billion, a PE ratio of 27.46 and a beta of 1.24.

Valmont Industries (NYSE:VMIGet Free Report) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $994.85 million. During the same period last year, the business posted $4.32 EPS. Valmont Industries’s revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Valmont Industries will post 22.27 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were given a $0.77 dividend. The ex-dividend date was Friday, March 27th. This represents a $3.08 annualized dividend and a yield of 0.6%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.68. Valmont Industries’s dividend payout ratio (DPR) is 17.10%.

Institutional Trading of Valmont Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Community Bank N.A. acquired a new stake in Valmont Industries in the 3rd quarter worth $25,000. Elyxium Wealth LLC acquired a new stake in Valmont Industries in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new position in Valmont Industries during the fourth quarter valued at about $27,000. First Horizon Corp acquired a new position in Valmont Industries in the 3rd quarter valued at approximately $29,000. Finally, Leonteq Securities AG acquired a new position in Valmont Industries in the 4th quarter valued at approximately $30,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Company Profile

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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.

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