Valmont Industries, Inc. (NYSE:VMI) Plans $0.68 Quarterly Dividend

Valmont Industries, Inc. (NYSE:VMI - Get Free Report) declared a quarterly dividend on Monday, April 28th, RTT News reports. Investors of record on Friday, June 27th will be given a dividend of 0.68 per share by the industrial products company on Tuesday, July 15th. This represents a $2.72 annualized dividend and a yield of 0.93%.

Valmont Industries has increased its dividend by an average of 6.3% annually over the last three years. Valmont Industries has a dividend payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Valmont Industries to earn $19.95 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 13.6%.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $0.33 during trading on Monday, hitting $293.20. 105,664 shares of the company's stock traded hands, compared to its average volume of 148,519. Valmont Industries has a 1 year low of $202.01 and a 1 year high of $379.22. The business has a 50-day simple moving average of $306.66 and a 200-day simple moving average of $319.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The stock has a market capitalization of $5.88 billion, a P/E ratio of 17.07 and a beta of 1.07.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results 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. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. As a group, analysts forecast that Valmont Industries will post 18.07 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th.

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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