Valmont Industries - VMI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Valmont Industries in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VMI shares.
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3 brokers have issued 1 year price targets for Valmont Industries' stock. Their VMI share price forecasts range from $297.00 to $315.00. On average, they predict the company's share price to reach $305.50 in the next year. This suggests that the stock has a possible downside of 10.3%.
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Valmont Industries' stock was trading at $250.50 at the beginning of the year. Since then, VMI stock has increased by 35.9% and is now trading at $340.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Valmont Industries, Inc. (NYSE:VMI) released its quarterly earnings data on Tuesday, October, 19th. The industrial products company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. The industrial products company earned $868.80 million during the quarter, compared to the consensus estimate of $860.18 million. Valmont Industries had a trailing twelve-month return on equity of 18.36% and a net margin of 5.68%. Valmont Industries's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.99 earnings per share.

Valmont Industries announced a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 30th will be given a dividend of $0.55 per share on Tuesday, January 17th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for VMI.

Valmont Industries (NYSE:VMI) pays an annual dividend of $2.20 per share and currently has a dividend yield of 0.65%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VMI will have a dividend payout ratio of 14.08% 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 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $13.65-$14.00 for the period, compared to the consensus earnings per share estimate of $13.82. The company issued revenue guidance of $4.27 billion-$4.27 billion, compared to the consensus revenue estimate of $4.22 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 Vanguard Group Inc. (9.69%), BlackRock Inc. (8.54%), Neuberger Berman Group LLC (5.21%), Impax Asset Management Group plc (3.81%), Artisan Partners Limited Partnership (3.32%) and State Street Corp (2.90%). 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, 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 $340.44.

Valmont Industries (NYSE:VMI) has a market capitalization of $7.26 billion and generates $3.50 billion in revenue each year. The industrial products company earns $195.63 million in net income (profit) each year or $11.02 on an earnings per share basis.

The company employs 11,041 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.