Valmont Industries (VMI) Receives “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Valmont Industries (NYSE:VMI) in a research note published on Tuesday morning. The brokerage currently has a $181.00 price objective on the industrial products company’s stock, up from their prior price objective of $174.00.

Other analysts have also recently issued reports about the company. Boenning Scattergood reissued a buy rating and issued a $185.00 target price on shares of Valmont Industries in a research report on Thursday, October 19th. Zacks Investment Research raised Valmont Industries from a hold rating to a buy rating and set a $178.00 target price for the company in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $176.00.

Valmont Industries (NYSE VMI) traded down $2.50 during trading hours on Tuesday, hitting $168.05. The stock had a trading volume of 76,900 shares, compared to its average volume of 112,030. The firm has a market cap of $3,855.74, a PE ratio of 20.05, a P/E/G ratio of 2.14 and a beta of 1.06. Valmont Industries has a twelve month low of $138.30 and a twelve month high of $176.35. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.04). The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. research analysts forecast that Valmont Industries will post 6.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.375 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.89%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of VMI. Riverhead Capital Management LLC raised its stake in Valmont Industries by 85.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 599 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new stake in Valmont Industries during the 3rd quarter valued at approximately $209,000. Balyasny Asset Management LLC purchased a new stake in Valmont Industries during the 2nd quarter valued at approximately $246,000. Trexquant Investment LP purchased a new stake in Valmont Industries during the 3rd quarter valued at approximately $252,000. Finally, Shelton Capital Management purchased a new stake in Valmont Industries during the 2nd quarter valued at approximately $255,000. 85.27% of the stock is owned by hedge funds and other institutional investors.

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Valmont Industries Company Profile

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.

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