Valmont Industries, Inc. Announces Quarterly Dividend of $0.38 (NYSE:VMI)

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Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.375 per share by the industrial products company on Wednesday, January 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, December 26th.

Shares of VMI traded up $0.89 during mid-day trading on Wednesday, hitting $142.97. The stock had a trading volume of 78,475 shares, compared to its average volume of 133,389. The firm has a market cap of $3.08 billion, a P/E ratio of 18.86, a PEG ratio of 1.68 and a beta of 1.43. The business has a fifty day moving average price of $140.39 and a 200-day moving average price of $132.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.62 and a quick ratio of 1.90. Valmont Industries has a 52 week low of $103.01 and a 52 week high of $147.38.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.45). The firm had revenue of $690.34 million during the quarter, compared to the consensus estimate of $744.84 million. Valmont Industries had a net margin of 4.88% and a return on equity of 15.28%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, research analysts expect that Valmont Industries will post 7.91 earnings per share for the current fiscal year.

Several brokerages have issued reports on VMI. TheStreet upgraded Valmont Industries from a “c+” rating to a “b” rating in a research note on Monday, September 16th. DA Davidson lowered their target price on Valmont Industries to $155.00 in a research note on Monday, October 7th. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus set a $152.00 target price on Valmont Industries and gave the company a “buy” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Valmont Industries has an average rating of “Hold” and a consensus target price of $150.33.

Valmont Industries Company Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States 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, 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.

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Dividend History for Valmont Industries (NYSE:VMI)

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