Valmont Industries (VMI) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Valmont Industries in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VMI shares.
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3 analysts have issued 12-month price objectives for Valmont Industries' shares. Their VMI share price forecasts range from $300.00 to $352.00. On average, they anticipate the company's share price to reach $320.67 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for VMI or view top-rated stocks among Wall Street analysts.

Valmont Industries' stock was trading at $330.67 at the start of the year. Since then, VMI stock has decreased by 14.8% and is now trading at $281.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our VMI earnings forecast.

Valmont Industries, Inc. (NYSE:VMI) posted its earnings results on Thursday, April, 20th. The industrial products company reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.31. The industrial products company earned $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 5.94% and a trailing twelve-month return on equity of 19.08%.

Valmont Industries announced a quarterly dividend on Monday, April 24th. Investors of record on Friday, June 30th will be paid a dividend of $0.60 per share on Friday, July 14th. This represents a $2.40 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, June 29th.
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), First Trust Water ETF (FIW), ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Water Resources ETF (PHO), Invesco Dynamic Building & Construction ETF (PKB), Invesco S&P Global Water Index ETF (CGW), Inspire Faithward Mid Cap Momentum ETF (GLRY) 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 0.86%. 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 19.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VMI will have a dividend payout ratio of 14.48% 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 FY23 earnings guidance on Tuesday, May, 23rd. The company provided EPS guidance of $15.45-$16.00 for the period, compared to the consensus EPS estimate of $15.72. The company issued revenue guidance of $4.52-$4.65 billion, compared to the consensus revenue estimate of $4.58 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.94%), JPMorgan Chase & Co. (3.04%), State Street Corp (2.99%), Impax Asset Management Group plc (2.94%), Artisan Partners Limited Partnership (2.71%) and Dimensional Fund Advisors LP (1.90%). 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 $281.67.

Valmont Industries (NYSE:VMI) has a market capitalization of $5.93 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 $12.20 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.