Valmont Industries, Inc. (NYSE:VMI) Stock Has Consensus Price Target of $587.00

Key Points

• Analyst sentiment is moderately positive: Six firms split evenly between buy and hold ratings, producing a “Moderate Buy” consensus and an average 12-month price target of $587.
• Quarterly earnings beat expectations: Valmont reported EPS of $6.24 versus the $5.70 consensus, while revenue of $1.10 billion came in below estimates of $1.12 billion; revenue increased 5.5% year over year.
• The company declared a quarterly dividend of $0.77 per share, equivalent to $3.08 annually and a 0.8% yield.

Valmont Industries, Inc. (NYSE:VMI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $587.00.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Valmont Industries from $600.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Stifel Nicolaus boosted their price target on Valmont Industries from $645.00 to $678.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Weiss Ratings cut shares of Valmont Industries from a "buy (b)" rating to a "hold (c)" rating in a research note on Wednesday, October 28th. Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, November 1st. Finally, Zacks Research downgraded Valmont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th.

Institutional Trading of Valmont Industries

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Valmont Industries in the second quarter worth $28,000. Elevation Wealth Partners LLC raised its stake in shares of Valmont Industries by 179.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company's stock valued at $39,000 after buying an additional 43 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Valmont Industries in the third quarter valued at approximately $49,000. Root Financial Partners LLC purchased a new position in shares of Valmont Industries in the third quarter valued at $51,000. Finally, Eurizon Capital SGR S.p.A. increased its stake in shares of Valmont Industries by 185.0% in the third quarter. Eurizon Capital SGR S.p.A. now owns 114 shares of the industrial products company's stock worth $53,000 after buying an additional 74 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 1.4%

Valmont Industries stock opened at $403.71 on Friday. Valmont Industries has a 1-year low of $378.02 and a 1-year high of $585.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.56. The business has a fifty day moving average price of $458.94 and a 200-day moving average price of $476.77. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.96 and a beta of 1.39.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, October 20th. The industrial products company reported $6.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.70 by $0.54. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.12 billion. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.98 earnings per share. Equities research analysts forecast that Valmont Industries will post 23.33 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 24th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, December 24th. Valmont Industries's dividend payout ratio (DPR) is currently 11.43%.

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.

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