Valmont Industries, Inc. (NYSE:VMI) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for shares of Valmont Industries in a research note issued on Thursday. Boenning Scattergood analyst R. Connors forecasts that the industrial products company will post earnings per share of $1.93 for the quarter. Boenning Scattergood has a “Buy” rating and a $185.00 price objective on the stock. Boenning Scattergood also issued estimates for Valmont Industries’ Q2 2019 earnings at $2.77 EPS, Q3 2019 earnings at $2.33 EPS and Q4 2019 earnings at $2.47 EPS.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.02). Valmont Industries had a return on equity of 14.17% and a net margin of 4.23%. The firm had revenue of $714.98 million for the quarter, compared to the consensus estimate of $724.03 million. During the same period last year, the company posted $1.61 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year.
Other equities analysts have also issued reports about the stock. Stifel Nicolaus dropped their price objective on shares of Valmont Industries from $181.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Seaport Global Securities lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $173.75.
Shares of Valmont Industries (VMI) traded down $2.55 on Friday, hitting $149.25. 185,015 shares of the stock traded hands, compared to its average volume of 96,708. The company has a market capitalization of $3,431.85, a price-to-earnings ratio of 21.94, 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. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.65 and a quick ratio of 2.53.
Several institutional investors and hedge funds have recently modified their holdings of VMI. Gofen & Glossberg LLC IL acquired a new position in shares of Valmont Industries in the third quarter valued at about $209,000. Clarus Wealth Advisors acquired a new position in shares of Valmont Industries in the fourth quarter valued at about $214,000. State of Alaska Department of Revenue acquired a new position in shares of Valmont Industries in the fourth quarter valued at about $215,000. Trexquant Investment LP acquired a new position in shares of Valmont Industries in the third quarter valued at about $252,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Valmont Industries in the fourth quarter valued at about $253,000. 85.73% of the stock is currently owned by institutional investors.
In other news, VP Vanessa Kay Brown sold 3,059 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.
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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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