FY2024 EPS Estimates for Valmont Industries, Inc. (NYSE:VMI) Increased by Zacks Research

Valmont Industries, Inc. (NYSE:VMI - Free Report) - Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Valmont Industries in a note issued to investors on Wednesday, May 15th. Zacks Research analyst M. Agrawal now forecasts that the industrial products company will post earnings per share of $15.74 for the year, up from their prior estimate of $15.10. The consensus estimate for Valmont Industries' current full-year earnings is $16.00 per share. Zacks Research also issued estimates for Valmont Industries' Q3 2025 earnings at $4.71 EPS, Q4 2025 earnings at $4.36 EPS, FY2025 earnings at $16.94 EPS and Q1 2026 earnings at $5.15 EPS.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.08. The firm had revenue of $977.83 million during the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The company's revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.54 earnings per share.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus restated a "buy" rating and issued a $249.00 price objective on shares of Valmont Industries in a report on Monday, March 25th. StockNews.com upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, March 23rd. Finally, DA Davidson decreased their price objective on Valmont Industries from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $262.00.

Valmont Industries Price Performance

VMI traded down $1.87 during midday trading on Friday, hitting $257.90. The stock had a trading volume of 141,811 shares, compared to its average volume of 177,472. Valmont Industries has a 1 year low of $188.63 and a 1 year high of $303.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.65 and a current ratio of 2.64. The business has a fifty day moving average of $225.91 and a 200 day moving average of $222.80. The company has a market cap of $5.21 billion, a P/E ratio of 33.98 and a beta of 1.05.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, June 28th. Valmont Industries's payout ratio is presently 31.62%.

Institutional Trading of Valmont Industries

A number of hedge funds have recently modified their holdings of VMI. Cambridge Investment Research Advisors Inc. boosted its position in shares of Valmont Industries by 10.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,347 shares of the industrial products company's stock worth $564,000 after purchasing an additional 226 shares in the last quarter. Raymond James & Associates grew its stake in shares of Valmont Industries by 58.9% in the third quarter. Raymond James & Associates now owns 10,449 shares of the industrial products company's stock worth $2,510,000 after acquiring an additional 3,872 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Valmont Industries by 17.0% in the third quarter. Mackenzie Financial Corp now owns 1,472 shares of the industrial products company's stock worth $346,000 after acquiring an additional 214 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Valmont Industries by 26.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,029 shares of the industrial products company's stock valued at $4,331,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Valmont Industries by 20.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,872 shares of the industrial products company's stock worth $2,612,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

About Valmont Industries

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.