Valmont Industries, Inc. (NYSE:VMI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Valmont Industries has received a consensus rating of "Moderate Buy" from five ratings firms, with two analysts recommending a hold and three suggesting a buy.
• The average 12-month target price for Valmont Industries' stock is currently set at $420.67 following recent updates from analysts.
• The company announced a quarterly dividend of $0.68 per share, which will be paid on October 15th, reflecting an annualized yield of 0.7% and a payout ratio of 25.33%.

Shares of Valmont Industries, Inc. (NYSE:VMI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $420.6667.

Several equities research analysts have commented on VMI shares. Stifel Nicolaus increased 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. DA Davidson increased 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. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued an "overweight" rating and a $480.00 price objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Valmont Industries in a research note on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th.

Valmont Industries Stock Up 0.4%

NYSE VMI traded up $1.59 during trading hours on Friday, hitting $394.46. The company's stock had a trading volume of 152,950 shares, compared to its average volume of 178,753. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.79 billion, a PE ratio of 36.73 and a beta of 1.15. Valmont Industries has a 52 week low of $250.07 and a 52 week high of $397.30. The company's 50-day simple moving average is $373.69 and its two-hundred day simple moving average is $333.49.

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

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio is currently 25.33%.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, 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 at the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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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