Valmont Industries (NYSE:VMI) Issues Quarterly Earnings Results

Key Points

• Valmont Industries reported quarterly earnings of $4.98 EPS, exceeding analysts' expectations of $4.61 EPS by $0.37, with a return on equity of 22.10% and a net margin of 5.98%.
• The company announced a quarterly dividend of $0.68 per share, reflecting an annualized dividend of $2.72 and a yield of 0.7% with a payout ratio of 25.33%.
• Analysts have set a consensus target price of $443.33 for Valmont Industries, with ratings varying from "buy" to "hold" among multiple investment firms.

Valmont Industries (NYSE:VMI - Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $4.98 EPS for the quarter, beating the consensus estimate of $4.64 by $0.34, Zacks reports. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate 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 was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.11 earnings per share. Valmont Industries updated its FY 2025 guidance to 18.700-19.50 EPS.

Valmont Industries Price Performance

Shares of VMI stock traded down $7.15 during trading on Tuesday, hitting $401.82. The company had a trading volume of 126,318 shares, compared to its average volume of 167,059. 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 stock's 50-day moving average is $381.98 and its two-hundred day moving average is $342.21. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 37.41 and a beta of 1.15. Valmont Industries has a 52 week low of $250.07 and a 52 week high of $418.08.

Valmont Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DA Davidson upped their price objective 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valmont Industries in a report on Wednesday, October 8th. Stifel Nicolaus upped their price target on Valmont Industries from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. began coverage on Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 price target on the stock. Finally, Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Valmont Industries has a consensus rating of "Moderate Buy" and a consensus price target of $443.33.

Insider Buying and Selling

In other Valmont Industries 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 transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VMI. AQR Capital Management LLC grew its position in Valmont Industries by 258.6% during the second quarter. AQR Capital Management LLC now owns 129,192 shares of the industrial products company's stock valued at $42,190,000 after acquiring an additional 93,163 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Valmont Industries by 179.6% during the second quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company's stock valued at $38,320,000 after acquiring an additional 75,377 shares during the last quarter. Millennium Management LLC grew its position in Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company's stock valued at $19,300,000 after acquiring an additional 46,825 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Valmont Industries during the second quarter valued at approximately $12,609,000. Finally, Treasurer of the State of North Carolina grew its position in Valmont Industries by 139.5% during the second quarter. Treasurer of the State of North Carolina now owns 54,047 shares of the industrial products company's stock valued at $17,650,000 after acquiring an additional 31,484 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

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.