JPMorgan Chase & Co. Issues Positive Forecast for Valmont Industries (NYSE:VMI) Stock Price

Valmont Industries (NYSE:VMIFree Report) had its target price lifted by JPMorgan Chase & Co. from $600.00 to $620.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other research firms have also issued reports on VMI. Weiss Ratings raised shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Oppenheimer set a $600.00 price objective on shares of Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and an average target price of $587.00.

Check Out Our Latest Stock Analysis on VMI

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $487.94 on Wednesday. The stock has a market cap of $9.47 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.17 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.59 and a current ratio of 2.35. The stock’s fifty day moving average is $539.13 and its 200 day moving average is $477.68. Valmont Industries has a one year low of $352.60 and a one year high of $585.71.

Valmont Industries (NYSE:VMIGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.34. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.88 earnings per share. Sell-side analysts anticipate that Valmont Industries will post 22.82 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Friday, June 26th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 17.10%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction on Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the sale, the director directly owned 112,309 shares in the company, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VMI. Vanguard Personalized Indexing Management LLC boosted its position in shares of Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 21 shares during the last quarter. Allen Capital Group LLC increased its position in Valmont Industries by 2.2% in the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 24 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Valmont Industries by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares during the last quarter. Rothschild Investment LLC raised its stake in Valmont Industries by 7.1% during the fourth quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 30 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in Valmont Industries by 5.6% during the fourth quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Key Headlines Impacting Valmont Industries

Here are the key news stories impacting Valmont Industries this week:

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.

Further Reading

Analyst Recommendations for Valmont Industries (NYSE:VMI)

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