Valmont Industries (NYSE:VMI) Releases Quarterly Earnings Results

Key Points

• Valmont Industries reported quarterly EPS of $6.24, exceeding analysts’ $5.70 consensus estimate by $0.54. Revenue was $1.10 billion, slightly below expectations of $1.12 billion.
• The company declared a quarterly dividend of $0.77 per share, equal to $3.08 annually and a 0.7% yield, with a payout ratio of 11.99%.
• Analyst sentiment remains favorable but mixed: Valmont has an overall “Moderate Buy” rating and an average price target of $587, while recent ratings included both upgrades and downgrades.

Valmont Industries (NYSE:VMI - Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported $6.24 earnings per share for the quarter, beating analysts' consensus estimates of $5.70 by $0.54, FiscalAI reports. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.12 billion.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $453.29 on Tuesday. The firm has a market capitalization of $8.75 billion, a P/E ratio of 17.65, a PEG ratio of 1.02 and a beta of 1.34. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $475.17 and a 200 day moving average price of $495.57. Valmont Industries has a 52 week low of $378.02 and a 52 week high of $585.71.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Friday, September 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, September 25th. This represents a $3.08 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio is 11.99%.

Insider Buying and Selling

In other Valmont Industries news, Director Theodor Freye sold 800 shares of the firm's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares of the company's stock, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John L. Schwietz purchased 208 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was bought at an average cost of $486.14 per share, with a total value of $101,117.12. Following the acquisition, the chief financial officer owned 2,992 shares of the company's stock, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VMI has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Valmont Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Finally, Zacks Research lowered Valmont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $587.00.

About Valmont Industries

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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