Valmont Industries, Inc. (NYSE:VMI) – Investment analysts at William Blair issued their FY2019 earnings per share (EPS) estimates for shares of Valmont Industries in a note issued to investors on Friday. William Blair analyst B. Drab expects that the industrial products company will earn $9.08 per share for the year.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.02). Valmont Industries had a net margin of 4.23% and a return on equity of 14.17%. The company had revenue of $714.98 million for the quarter, compared to the consensus estimate of $724.03 million. During the same quarter last year, the company earned $1.61 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis.
Shares of Valmont Industries (NYSE VMI) opened at $149.25 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.65 and a quick ratio of 2.61. The stock has a market cap of $3,374.20, a price-to-earnings ratio of 21.57, a PEG ratio of 1.87 and a beta of 0.98. Valmont Industries has a 52 week low of $140.90 and a 52 week high of $176.35.
In related news, VP Vanessa Kay Brown sold 3,059 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB purchased a new stake in Valmont Industries in the 4th quarter valued at about $309,000. MetLife Investment Advisors LLC purchased a new stake in Valmont Industries in the 4th quarter valued at about $2,372,000. Glenmede Trust Co. NA grew its holdings in Valmont Industries by 13.6% in the 4th quarter. Glenmede Trust Co. NA now owns 4,365 shares of the industrial products company’s stock valued at $723,000 after buying an additional 521 shares during the period. Castleark Management LLC grew its holdings in Valmont Industries by 11.6% in the 4th quarter. Castleark Management LLC now owns 92,605 shares of the industrial products company’s stock valued at $15,359,000 after buying an additional 9,645 shares during the period. Finally, Makaira Partners LLC grew its holdings in shares of Valmont Industries by 6.0% during the 4th quarter. Makaira Partners LLC now owns 315,610 shares of the industrial products company’s stock worth $52,344,000 after purchasing an additional 17,990 shares during the period. Institutional investors own 85.73% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3223151/william-blair-weighs-in-on-valmont-industries-inc-s-fy2019-earnings-vmi.html.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.