Valmont Industries, Inc. (NYSE:VMI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Valmont Industries, Inc. (NYSE:VMI) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $587.00.

Several research firms have weighed in on VMI. Weiss Ratings cut Valmont Industries from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. upped their target price on Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st.

Valmont Industries Stock Performance

Valmont Industries stock opened at $403.71 on Friday. Valmont Industries has a 1-year low of $378.02 and a 1-year high of $585.71. The company’s 50-day moving average is $458.94 and its 200 day moving average is $476.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.56. The firm has a market capitalization of $7.73 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.39.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.54. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.98 earnings per share. Research analysts forecast that Valmont Industries will post 23.33 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 24th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, December 24th. This represents a $3.08 annualized dividend and a yield of 0.8%. Valmont Industries’s payout ratio is presently 11.43%.

Institutional Investors Weigh In On Valmont Industries

A number of institutional investors and hedge funds have recently modified their holdings of VMI. Northwestern Mutual Wealth Management Co. purchased a new stake in Valmont Industries during the second quarter worth approximately $28,000. Elevation Wealth Partners LLC grew its position in shares of Valmont Industries by 179.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 43 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $49,000. Root Financial Partners LLC bought a new position in shares of Valmont Industries during the 3rd quarter worth approximately $51,000. Finally, Eurizon Capital SGR S.p.A. boosted its position in Valmont Industries by 185.0% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 114 shares of the industrial products company’s stock valued at $53,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.