Valmont Industries Inc. (VMI) Announces Quarterly Dividend of $0.25
Valmont Industries (NYSE:VMI) declared a quarterly dividend on Monday, September 9th, Analyst Ratings.Net reports. Stockholders of record on Friday, September 27th will be given a dividend of $0.25 per share on Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%.
VMI has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Valmont Industries (NYSE:VMI) in a research note to investors on Thursday, August 29th. They now have a $164.00 price target on the stock. On a related note, analysts at DA Davidson reiterated a “buy” rating on shares of Valmont Industries (NYSE:VMI) in a research note to investors on Friday, July 19th. They now have a $190.00 price target on the stock, up previously from $185.00.
Four investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $171.75.
Valmont Industries (NYSE:VMI) opened at 139.27 on Tuesday. Valmont Industries has a 52-week low of $125.00 and a 52-week high of $164.93. The stock’s 50-day moving average is $140. and its 200-day moving average is $147.5. The company has a market cap of $3.729 billion and a P/E ratio of 12.76.
Valmont Industries (NYSE:VMI) last released its earnings data on Wednesday, July 17th. The company reported $3.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.92 by $0.41. The company had revenue of $878.66 million for the quarter, compared to the consensus estimate of $884.58 million. During the same quarter last year, the company posted $2.24 earnings per share. Valmont Industries’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Valmont Industries will post $11.08 earnings per share for the current fiscal year.
Valmont Industries, Inc is a global producer of fabricated metal products. The Company operates in four segments: Engineered Infrastructure Products, which consists of the manufacture of engineered metal structures and components for the global lighting and traffic, wireless communication, roadway safety and access systems applications; Utility Support Structures, which consists of the manufacture of engineered steel and concrete structures for the global utility industry; Coatings, which consists of galvanizing, anodizing and powder coating services on a global basis, and Irrigation, which consists of the manufacture of agricultural irrigation equipment and related parts and services for the global agricultural industry.
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