Valmont Industries, Inc. (VMI) To Go Ex-Dividend on June 26th

Valmont Industries, Inc. (NYSE:VMI) declared a quarterly dividend on Monday, April 27th. Stockholders of record on Friday, June 26th will be given a dividend of 0.77 per share by the industrial products company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 26th.

Valmont Industries has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Valmont Industries has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Valmont Industries to earn $25.33 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 12.2%.

Valmont Industries Stock Performance

NYSE VMI opened at $571.03 on Wednesday. The stock has a market cap of $11.08 billion, a P/E ratio of 31.71, a PEG ratio of 1.34 and a beta of 1.34. The company’s 50-day simple moving average is $509.56 and its 200 day simple moving average is $457.84. Valmont Industries has a twelve month low of $318.77 and a twelve month high of $583.54. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, topping the consensus estimate of $4.72 by $0.79. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.Valmont Industries’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $4.32 EPS. As a group, research analysts forecast that Valmont Industries will post 22.83 earnings per share for the current fiscal year.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the transaction, the director directly owned 112,309 shares in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Valmont Industries

Several large investors have recently bought and sold shares of the business. Community Bank N.A. bought a new stake in Valmont Industries in the third quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in shares of Valmont Industries during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Valmont Industries during the 4th quarter worth approximately $27,000. Leonteq Securities AG acquired a new position in Valmont Industries in the 4th quarter worth $30,000. Finally, State of Wyoming bought a new stake in shares of Valmont Industries in the fourth quarter valued at about $34,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.