Shares of Valmont Industries, Inc. (NYSE:VMI) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $126.60 and last traded at $126.76, with a volume of 10347 shares. The stock had previously closed at $131.55.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Valmont Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. TheStreet downgraded Valmont Industries from a “b-” rating to a “c+” rating in a research note on Thursday, October 4th. Stifel Nicolaus raised their target price on Valmont Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, July 25th. ValuEngine downgraded Valmont Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Boenning Scattergood downgraded Valmont Industries from an “outperform” rating to a “neutral” rating in a research note on Friday, July 13th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $173.33.
The company has a market capitalization of $2.83 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. The company has a quick ratio of 2.20, a current ratio of 2.83 and a debt-to-equity ratio of 0.64.
Valmont Industries (NYSE:VMI) last issued its earnings results on Monday, July 23rd. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. Valmont Industries had a return on equity of 13.89% and a net margin of 3.74%. The business had revenue of $682.41 million during the quarter, compared to the consensus estimate of $709.92 million. During the same period last year, the company earned $2.01 EPS. Research analysts predict that Valmont Industries, Inc. will post 7.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, September 27th. Valmont Industries’s payout ratio is 21.52%.
In related news, SVP John A. Kehoe sold 3,059 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was 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 of the company’s stock, valued at approximately $400,262.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of VMI. Moneta Group Investment Advisors LLC increased its position in shares of Valmont Industries by 101.3% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 795 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 400 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Valmont Industries during the 1st quarter worth about $138,000. HRT Financial LLC acquired a new stake in shares of Valmont Industries during the 2nd quarter worth about $224,000. Paloma Partners Management Co acquired a new stake in shares of Valmont Industries during the 2nd quarter worth about $256,000. Finally, Cypress Asset Management Inc. TX acquired a new stake in shares of Valmont Industries during the 2nd quarter worth about $312,000. 87.46% of the stock is owned by hedge funds and other institutional investors.
About Valmont Industries (NYSE:VMI)
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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