Brokerages Set Valmont Industries, Inc. (NYSE:VMI) PT at $448.33

Valmont Industries, Inc. (NYSE:VMI) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $448.3333.

Several analysts have recently commented on VMI shares. DA Davidson increased their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Valmont Industries in a report on Wednesday, October 8th. Stifel Nicolaus increased their target price on Valmont Industries from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, October 20th. JPMorgan Chase & Co. started coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Finally, Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th.

Insider Activity at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the sale, the insider owned 7,286 shares in the company, valued at approximately $2,992,214.48. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Valmont Industries

Several hedge funds have recently added to or reduced their stakes in VMI. WPG Advisers LLC bought a new position in Valmont Industries in the first quarter valued at about $27,000. First Horizon Corp acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its position in shares of Valmont Industries by 87.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the period. Farther Finance Advisors LLC grew its position in shares of Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 75 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after buying an additional 62 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 0.7%

Shares of Valmont Industries stock opened at $410.43 on Tuesday. The stock has a market capitalization of $8.09 billion, a P/E ratio of 35.35 and a beta of 1.15. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $389.91 and a 200 day simple moving average of $352.28. Valmont Industries has a 12-month low of $250.07 and a 12-month high of $427.81.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Research analysts expect that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, December 26th. Valmont Industries’s dividend payout ratio is presently 23.43%.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.