Valmont Industries - VMI Stock Forecast, Price & News

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products. The Utility Support Structures segment manufactures engineered steel and concrete pole structures for utility transmission, distribution, substations, and renewable energy generation equipment; and inspection services. The Coatings segment provides hot-dipped galvanizing, anodizing, and powder coating services to preserve and protect metal products. The Irrigation segment manufactures and distributes mechanical irrigation equipment, and related parts and services under the Valley brand name for the agricultural industry; and tubular products for industrial customers. This segment also provides water management solutions and technology for precision agriculture. The company serves municipalities and government entities, commercial lighting fixtures manufacturing companies, contractors, telecommunications and utility companies, and large farms, as well as the general manufacturing sector. Valmont Industries, Inc. was founded in 1946 and is headquartered in Omaha, Nebraska.

Analysts Set New Price Targets

VMI has been the subject of a number of recent research reports. Northcoast Research assumed coverage on Valmont Industries in a research note on Friday, July 15th. They set a "buy" rating and a $300.00 price target for the company. DA Davidson upped their price objective on Valmont Industries from $235.00 to $260.00 in a research report on Friday, April 22nd. Stifel Nicolaus lowered their target price on Valmont Industries from $300.00 to $267.00 in a research note on Monday, July 18th. TheStreet downgraded Valmont Industries from a "b" rating to a "c+" rating in a report on Wednesday, July 13th. Finally, Roth Capital assumed coverage on Valmont Industries in a research note on Friday, June 3rd. They issued a "buy" rating and a $297.00 target price for the company.

Valmont Industries Stock Performance

VMI Stock traded up $6.70 on Wednesday, hitting $279.98. The company had a trading volume of 84,416 shares, compared to its average volume of 98,342. The stock's 50-day simple moving average is $241.54 and its 200 day simple moving average is $237.59. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.63 and a beta of 1.14. Valmont Industries has a 12-month low of $203.30 and a 12-month high of $281.89. The company has a current ratio of 2.23, a quick ratio of 1.29 and a debt-to-equity ratio of 0.64.

Valmont Industries (NYSE:VMI - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The industrial products company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.36. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1 billion. Valmont Industries had a net margin of 5.49% and a return on equity of 17.71%. The firm's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.06 EPS. As a group, equities research analysts expect that Valmont Industries will post 13.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 23rd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, September 22nd. Valmont Industries's payout ratio is currently 21.83%.

Insiders Place Their Bets

In other Valmont Industries news, CEO Stephen G. Kaniewski sold 17,540 shares of the firm's stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $248.78, for a total transaction of $4,363,601.20. Following the sale, the chief executive officer now owns 43,844 shares of the company's stock, valued at $10,907,510.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Stephen G. Kaniewski sold 17,540 shares of the company's stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $248.78, for a total transaction of $4,363,601.20. Following the completion of the transaction, the chief executive officer now owns 43,844 shares of the company's stock, valued at approximately $10,907,510.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Kaniewski sold 12,076 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $269.41, for a total value of $3,253,395.16. Following the transaction, the chief executive officer now owns 43,844 shares of the company's stock, valued at $11,812,012.04. The disclosure for this sale can be found here. Insiders sold a total of 31,855 shares of company stock valued at $8,193,673 over the last 90 days. 2.00% of the stock is owned by company insiders.