JPMorgan Chase & Co. Initiates Coverage on Valmont Industries (NYSE:VMI)

Key Points

• JPMorgan Chase & Co. has initiated coverage on Valmont Industries with an "overweight" rating and a price target of $480.00, indicating a potential upside of 31.50% from its previous close.
• The company's shares have a current market capitalization of $7.21 billion, a price-to-earnings ratio of 33.99, and have traded between a low of $250.07 and a high of $388.55 in the past year.
• Valmont Industries reported earnings per share of $4.88 for the last quarter, exceeding analyst expectations, and has set its FY 2025 guidance at 17.500-19.500 EPS.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Valmont Industries (NYSE:VMI - Get Free Report) in a report issued on Friday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $480.00 price target on the industrial products company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 31.50% from the stock's previous close.

VMI has been the topic of several other reports. DA Davidson boosted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Valmont Industries presently has an average rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $365.02 on Friday. The firm's fifty day simple moving average is $369.00 and its 200-day simple moving average is $330.81. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 33.99 and a beta of 1.14. Valmont Industries has a 12 month low of $250.07 and a 12 month high of $388.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities analysts forecast that Valmont Industries will post 18.07 earnings per share for the current year.

Insiders Place Their Bets

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Valmont Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in shares of Valmont Industries by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock valued at $13,289,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Valmont Industries by 18.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock valued at $736,000 after buying an additional 393 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Valmont Industries by 16.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after buying an additional 207 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Valmont Industries during the 1st quarter valued at approximately $317,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Company Profile

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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