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.

Wall Street Analyst Weigh In

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

Valmont Industries Trading Up 0.4 %

Shares of VMI opened at $271.82 on Monday. The stock has a 50 day simple moving average of $241.03 and a 200-day simple moving average of $236.99. Valmont Industries has a 1 year low of $203.30 and a 1 year high of $277.00. The stock has a market cap of $5.80 billion, a PE ratio of 26.97, a PEG ratio of 1.63 and a beta of 1.14. 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 posted its quarterly earnings results on Wednesday, July 20th. The industrial products company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.36. Valmont Industries had a return on equity of 17.71% and a net margin of 5.49%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $3.06 EPS. The firm's revenue was up 23.0% on a year-over-year basis. On average, sell-side analysts predict 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. Shareholders of record on Friday, September 23rd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 22nd. This represents a $2.20 annualized dividend and a yield of 0.81%. Valmont Industries's dividend payout ratio is presently 21.83%.

Insiders Place Their Bets

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