Valmont Industries, Inc. (NYSE:VMI - Free Report) - Analysts at DA Davidson increased their FY2025 EPS estimates for Valmont Industries in a note issued to investors on Wednesday, April 23rd. DA Davidson analyst B. Thielman now anticipates that the industrial products company will post earnings per share of $18.47 for the year, up from their prior estimate of $18.38. DA Davidson currently has a "Neutral" rating and a $380.00 target price on the stock. The consensus estimate for Valmont Industries' current full-year earnings is $18.07 per share.
Several other analysts also recently issued reports on VMI. Stifel Nicolaus lifted their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.
Check Out Our Latest Analysis on VMI
Valmont Industries Stock Down 2.0 %
Shares of NYSE VMI traded down $5.87 during trading hours on Friday, hitting $289.62. The company had a trading volume of 30,466 shares, compared to its average volume of 147,778. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $5.81 billion, a P/E ratio of 16.86 and a beta of 1.07. Valmont Industries has a 1-year low of $202.01 and a 1-year high of $379.22. The firm's 50 day moving average is $303.84 and its 200-day moving average is $319.17.
Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of VMI. Norges Bank purchased a new position in Valmont Industries in the fourth quarter valued at approximately $67,822,000. Franklin Resources Inc. raised its holdings in Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock valued at $123,512,000 after buying an additional 148,811 shares during the period. GAMMA Investing LLC raised its holdings in Valmont Industries by 51,911.3% in the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock valued at $18,405,000 after buying an additional 64,370 shares during the period. US Bancorp DE raised its holdings in Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after buying an additional 56,079 shares during the period. Finally, Driehaus Capital Management LLC purchased a new position in Valmont Industries in the fourth quarter valued at approximately $14,180,000. Hedge funds and other institutional investors own 87.84% of the company's stock.
Valmont Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.94%. Valmont Industries's payout ratio is 15.83%.
About Valmont Industries
(
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Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.
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