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.

Valmont Industries Trading Down 0.5 %

Shares of NYSE:VMI traded down $1.33 during trading on Tuesday, reaching $286.54. The stock had a trading volume of 111,411 shares, compared to its average volume of 97,979. Valmont Industries has a 52 week low of $203.30 and a 52 week high of $289.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.29 and a current ratio of 2.23. The firm's fifty day moving average is $244.09 and its 200 day moving average is $240.01. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.74 and a beta of 1.14.

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

Valmont Industries Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, September 22nd. This represents a $2.20 annualized dividend and a dividend yield of 0.77%. Valmont Industries's payout ratio is 21.83%.

Analysts Set New Price Targets

A number of analysts have recently commented on VMI shares. DA Davidson lifted their price target on Valmont Industries from $235.00 to $260.00 in a research note on Friday, April 22nd. Stifel Nicolaus reduced their target price on shares of Valmont Industries from $300.00 to $267.00 in a report on Monday, July 18th. TheStreet downgraded shares of Valmont Industries from a "b" rating to a "c+" rating in a research note on Wednesday, July 13th. Northcoast Research began coverage on shares of Valmont Industries in a research note on Friday, July 15th. They issued a "buy" rating and a $300.00 price objective on the stock. Finally, Roth Capital initiated coverage on Valmont Industries in a research report on Friday, June 3rd. They set a "buy" rating and a $297.00 target price for the company.

Insider Buying and Selling

In other Valmont Industries news, SVP Timothy P. Francis sold 2,239 shares of Valmont Industries stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $257.56, for a total value of $576,676.84. Following the completion of the sale, the senior vice president now directly owns 6,918 shares of the company's stock, valued at $1,781,800.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Stephen G. Kaniewski sold 12,076 shares of the stock in a transaction on Tuesday, August 2nd. The stock was 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 directly owns 43,844 shares in the company, valued at approximately $11,812,012.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Timothy P. Francis sold 2,239 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $257.56, for a total transaction of $576,676.84. Following the completion of the transaction, the senior vice president now directly owns 6,918 shares in the company, valued at $1,781,800.08. The disclosure for this sale can be found here. Insiders have sold a total of 15,295 shares of company stock valued at $4,109,352 over the last ninety days. 2.00% of the stock is owned by corporate insiders.