Valmont Industries - VMI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Valmont Industries in the last year. 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 equities research analysts have issued 1 year target prices for Valmont Industries' stock. Their VMI share price forecasts range from $297.00 to $389.00. On average, they anticipate the company's share price to reach $324.00 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
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Valmont Industries' stock was trading at $330.67 on January 1st, 2023. Since then, VMI shares have decreased by 2.1% and is now trading at $323.67.
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Valmont Industries saw a decline in short interest in January. As of January 15th, there was short interest totaling 256,800 shares, a decline of 14.3% from the December 31st total of 299,700 shares. Based on an average daily trading volume, of 110,800 shares, the short-interest ratio is currently 2.3 days. Approximately 1.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our VMI earnings forecast.

Valmont Industries, Inc. (NYSE:VMI) issued its quarterly earnings results on Tuesday, October, 19th. The industrial products company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The industrial products company earned $868.80 million during the quarter, compared to analysts' expectations of $860.18 million. Valmont Industries had a net margin of 5.68% and a trailing twelve-month return on equity of 18.36%. The company's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.99 earnings per share.

Valmont Industries declared 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 0.68%. The ex-dividend date of this dividend 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 0.68%. 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 14.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VMI.

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 retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (1.34%), Boston Trust Walden Corp (0.55%), New York State Common Retirement Fund (0.48%), Congress Asset Management Co. MA (0.35%), Leeward Investments LLC MA (0.31%) and Zurcher Kantonalbank Zurich Cantonalbank (0.27%). 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 $323.67.

Valmont Industries (NYSE:VMI) has a market capitalization of $6.90 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.