Valmont Industries (NYSE:VMI) Sets New 52-Week High - Here's Why

Key Points

• Valmont Industries' stock reached a new 52-week high at $412.89 during trading, reflecting an overall increase throughout the day.
• Analysts have mixed ratings for Valmont, with a consensus target price of $420.67, while three analysts rated it as a "Buy" and two as "Hold."
• The company announced a quarterly dividend of $0.68 per share, reflecting a yield of 0.7% and a dividend payout ratio of 25.33%.

Valmont Industries, Inc. (NYSE:VMI - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $412.89 and last traded at $410.77, with a volume of 96581 shares trading hands. The stock had previously closed at $403.46.

Analyst Ratings Changes

Several analysts recently commented on VMI shares. Stifel Nicolaus raised their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. began coverage on Valmont Industries in a research note on Friday, September 26th. They issued an "overweight" rating and a $480.00 price target on the stock. Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings restated a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $420.67.

Valmont Industries Trading Up 1.6%

The company has a 50 day simple moving average of $378.82 and a 200 day simple moving average of $338.35. 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 stock has a market capitalization of $8.09 billion, a PE ratio of 38.17 and a beta of 1.15.

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

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid 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 25.33%.

Insiders Place Their Bets

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 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 trade represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Valmont Industries

Several hedge funds have recently bought and sold shares of VMI. WPG Advisers LLC acquired a new stake in Valmont Industries during the 1st quarter valued at $27,000. Smartleaf Asset Management LLC grew its holdings in Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock valued at $31,000 after buying an additional 50 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company's stock valued at $42,000 after buying an additional 62 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock valued at $43,000 after buying an additional 105 shares during the last quarter. 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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