Valmont Industries (NYSE:VMI) Sets New 12-Month High - Here's Why

Key Points

• Valmont Industries (NYSE:VMI) stock reached a new **52-week high** of **$385.00** during trading, closing at **$384.62** with a volume of **78,427 shares** traded.
• Analysts have mixed opinions on the stock, with Stifel Nicolaus raising their target price to **$382.00** (rated "buy"), while DA Davidson increased theirs to **$400.00** (rated "neutral"), and Wall Street Zen downgraded it to "hold."
• The company reported **$4.88** earnings per share, beating estimates, with projected FY 2025 earnings guidance of **$17.500-19.500** EPS and a quarterly dividend of **$0.68** per share to be paid on **October 15th**.

Valmont Industries, Inc. (NYSE:VMI - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $385.00 and last traded at $384.62, with a volume of 78427 shares traded. The stock had previously closed at $377.65.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. DA Davidson lifted their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Valmont Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.00.

Valmont Industries Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a 50 day moving average price of $360.66 and a two-hundred day moving average price of $327.98. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 35.90 and a beta of 1.14.

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

Valmont Industries Dividend Announcement

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

Insider Buying and Selling

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business'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 transaction of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Valmont Industries

Several hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Valmont Industries by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company's stock worth $275,000 after acquiring an additional 38 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Valmont Industries by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,393 shares of the industrial products company's stock valued at $2,433,000 after purchasing an additional 40 shares during the period. D.B. Root & Company LLC grew its holdings in Valmont Industries by 1.6% in the second quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company's stock valued at $877,000 after purchasing an additional 41 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in Valmont Industries by 3.8% in the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock valued at $334,000 after purchasing an additional 43 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Valmont Industries by 87.7% in the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 50 shares during the period. 87.84% of the stock is owned by hedge funds and other 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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