Valmont Industries - VMI Stock Forecast, Price & News

4 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VMI shares.
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4 Wall Street research analysts have issued 1-year target prices for Valmont Industries' shares. Their VMI share price forecasts range from $297.00 to $389.00. On average, they predict the company's share price to reach $324.00 in the next twelve months. This suggests a possible upside of 1.5% 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 beginning of the year. Since then, VMI shares have decreased by 3.4% and is now trading at $319.28.
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Valmont Industries saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 164,600 shares, a drop of 23.3% from the February 28th total of 214,500 shares. Based on an average daily trading volume, of 122,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.8% of the shares of the company are sold short.
View Valmont Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our VMI earnings forecast.

Valmont Industries will be holding an earnings conference call on Friday, April 21st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13734763".

Valmont Industries, Inc. (NYSE:VMI) posted its quarterly earnings results on Wednesday, February, 22nd. The industrial products company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.49 by $0.03. The industrial products company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.06 billion. Valmont Industries had a net margin of 5.77% and a trailing twelve-month return on equity of 18.73%.

Valmont Industries announced a quarterly dividend on Tuesday, February 28th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.60 per share on Friday, April 14th. This represents a $2.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of $0.55.
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), Inspire Faithward Mid Cap Momentum ETF (GLRY), Invesco S&P Global Water Index ETF (CGW) and Invesco S&P MidCap Momentum ETF (XMMO).

Valmont Industries (NYSE:VMI) pays an annual dividend of $2.20 per share and currently has a dividend yield of 0.69%. 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 18.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VMI will have a dividend payout ratio of 13.21% 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 Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $15.35-$15.90 for the period, compared to the consensus estimate of $15.65. The company issued revenue guidance of $4.52 billion-$4.65 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."

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 $319.28.

Valmont Industries (NYSE:VMI) has a market capitalization of $6.82 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 $11.63 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.