Valmont Industries, Inc. (NYSE:VMI) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $145.00.
A number of equities research analysts recently commented on the stock. ValuEngine lowered shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Zacks Investment Research lowered shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Friday. TheStreet lowered shares of Valmont Industries from a “b-” rating to a “c+” rating in a report on Thursday, October 4th. Stifel Nicolaus upped their price target on shares of Valmont Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, July 25th. Finally, Boenning Scattergood lowered shares of Valmont Industries from an “outperform” rating to a “neutral” rating in a report on Friday, July 13th.
In related news, SVP John A. Kehoe sold 3,059 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $137.50, for a total transaction of $420,612.50. Following the completion of the sale, the senior vice president now directly owns 2,911 shares in the company, valued at approximately $400,262.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Valmont Industries by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 583,093 shares of the industrial products company’s stock worth $87,901,000 after purchasing an additional 28,657 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Valmont Industries in the 2nd quarter worth $946,000. Robecosam AG raised its holdings in Valmont Industries by 2.4% in the 2nd quarter. Robecosam AG now owns 147,268 shares of the industrial products company’s stock worth $22,127,000 after purchasing an additional 3,388 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Valmont Industries by 39.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,430 shares of the industrial products company’s stock worth $366,000 after purchasing an additional 690 shares in the last quarter. Finally, Alps Advisors Inc. bought a new position in Valmont Industries in the 2nd quarter worth $611,000. Institutional investors own 87.46% of the company’s stock.
Shares of VMI traded up $0.43 during mid-day trading on Friday, reaching $128.87. The company’s stock had a trading volume of 107,095 shares, compared to its average volume of 104,956. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.20 and a current ratio of 2.83. Valmont Industries has a 52 week low of $126.85 and a 52 week high of $176.35.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Monday, July 23rd. The industrial products company reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Valmont Industries had a net margin of 3.74% and a return on equity of 13.89%. The company had revenue of $682.41 million during the quarter, compared to analyst estimates of $709.92 million. During the same period in the prior year, the business posted $2.01 EPS. As a group, equities research analysts predict that Valmont Industries will post 7.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.50 dividend on an annualized basis and a yield of 1.16%. Valmont Industries’s dividend payout ratio is currently 21.52%.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.
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