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.

TRADEMARK VIOLATION NOTICE: “Valmont Industries (VMI) Receives “Hold” Rating from Stifel Nicolaus” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at

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.

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's FREE daily email newsletter.

Leave a Reply