Valmont Industries (VMI) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Valmont Industries in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VMI shares.
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2 equities research analysts have issued 1 year price objectives for Valmont Industries' stock. Their VMI share price forecasts range from $290.00 to $352.00. On average, they expect the company's share price to reach $321.00 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
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Valmont Industries' stock was trading at $330.67 at the beginning of the year. Since then, VMI stock has decreased by 27.8% and is now trading at $238.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our VMI earnings forecast.

Valmont Industries, Inc. (NYSE:VMI) issued its earnings results on Wednesday, July, 26th. The industrial products company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.26. The industrial products company earned $1.05 billion during the quarter, compared to analyst estimates of $1.14 billion. Valmont Industries had a trailing twelve-month return on equity of 19.56% and a net margin of 6.37%.

Valmont Industries announced a quarterly dividend on Monday, July 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.60 per share on Monday, October 16th. This represents a $2.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for VMI.

ETFs with the largest weight of Valmont Industries (NYSE:VMI) stock in their portfolio include VanEck Future of Food ETF (YUMY), Invesco Water Resources ETF (PHO), Inspire Faithward Mid Cap Momentum ETF (GLRY), ProShares S&P Kensho Cleantech ETF (CTEX), First Trust Water ETF (FIW), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG) and Gabelli Love Our Planet & People ETF (LOPP).

Valmont Industries (NYSE:VMI) pays an annual dividend of $2.40 per share and currently has a dividend yield of 0.97%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VMI will have a dividend payout ratio of 14.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VMI.

Valmont Industries updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $15.45-$16.00 for the period, compared to the consensus EPS estimate of $15.68. The company issued revenue guidance of $4.34 billion-$4.43 billion, compared to the consensus revenue estimate of $4.57 billion.

49 employees have rated Valmont Industries Chief Executive Officer Stephen Kaniewski on Glassdoor.com. Stephen Kaniewski has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Valmont Industries investors own include QUALCOMM (QCOM), Corning (GLW), AbbVie (ABBV), Enterprise Products Partners (EPD), Coca-Cola (KO), NVIDIA (NVDA), Johnson & Johnson (JNJ), Medtronic (MDT), Sysco (SYY) and Cisco Systems (CSCO).

Valmont Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMI."

Valmont Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.06%), JPMorgan Chase & Co. (3.46%), Impax Asset Management Group plc (3.10%), State Street Corp (2.89%), Artisan Partners Limited Partnership (2.67%) and King Luther Capital Management Corp (1.81%). Insiders that own company stock include Aaron M Schapper, Clark T Jr Randt, Daas Kaj Den, Mogens C Bay, R Andrew Massey, Stephen G Kaniewski, Theodor Werner Freye, Thomas Mitchell Parnell and Timothy P Francis.
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Shares of VMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VMI stock can currently be purchased for approximately $238.86.

Valmont Industries (NYSE:VMI) has a market capitalization of $5.02 billion and generates $4.35 billion in revenue each year. The industrial products company earns $250.86 million in net income (profit) each year or $12.88 on an earnings per share basis.

The company employs 11,364 workers across the globe.

Valmont Industries' mailing address is ONE VALMONT PLAZA, OMAHA NE, 68154. The official website for the company is www.valmont.com. The industrial products company can be reached via phone at (402) 963-1000, via email at investorrelations@valmont.com, or via fax at 402-963-1198.