Valmont Industries (NYSE:VMI) Reaches New 1-Year High Following Strong Earnings

Key Points

• Valmont Industries' shares reached a new 52-week high of $418.08 after reporting earnings of $4.98 per share, exceeding expectations of $4.61.
• The company declared a quarterly dividend of $0.68, yielding about 0.7% annually, with a payout ratio of approximately 25.33%.
• Multiple analysts have upgraded their ratings on Valmont Industries, with the average price target now at $443.33, reflecting a consensus rating of "Moderate Buy."

Shares of Valmont Industries, Inc. (NYSE:VMI - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $418.08 and last traded at $391.78, with a volume of 14586 shares trading hands. The stock had previously closed at $408.97.

The industrial products company reported $4.98 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.37. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. During the same period in the prior year, the firm posted $4.11 EPS. The business's revenue was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Friday, September 26th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 26th. Valmont Industries's payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Monday. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Sunday. DA Davidson boosted their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an "overweight" rating and a $480.00 price target for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Valmont Industries in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $443.33.

Insider Buying and Selling at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm'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 transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position 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 increased its position 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 increased its position 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 increased its position 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 stake in shares of Valmont Industries during the first quarter valued at approximately $317,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 3.9%

The firm has a market capitalization of $7.76 billion, a P/E ratio of 36.51 and a beta of 1.15. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $381.98 and a 200-day moving average price of $342.21.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.