Valmont Industries, Inc. (NYSE:VMI) Receives $525.25 Average Target Price from Brokerages

Valmont Industries, Inc. (NYSE:VMI) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $525.25.

VMI has been the topic of a number of recent research reports. DA Davidson raised their target price on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus raised their target price on Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. Finally, Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $546.52 on Wednesday. The firm has a 50 day moving average of $488.37 and a 200 day moving average of $449.79. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. Valmont Industries has a 12-month low of $316.56 and a 12-month high of $548.90.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. During the same period last year, the firm earned $4.32 EPS. Valmont Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that Valmont Industries will post 22.83 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s dividend payout ratio is presently 17.10%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. First Nebraska Trust Co bought a new position in shares of Valmont Industries in the 1st quarter valued at about $440,000. Edgestream Partners L.P. raised its stake in shares of Valmont Industries by 12.8% during the first quarter. Edgestream Partners L.P. now owns 23,624 shares of the industrial products company’s stock valued at $9,439,000 after acquiring an additional 2,672 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Valmont Industries by 31.8% during the first quarter. Janus Henderson Group PLC now owns 125,830 shares of the industrial products company’s stock valued at $50,309,000 after buying an additional 30,359 shares during the period. Bull Harbor Capital LLC purchased a new position in Valmont Industries during the first quarter valued at approximately $276,000. Finally, California State Teachers Retirement System increased its holdings in Valmont Industries by 22.8% during the first quarter. California State Teachers Retirement System now owns 23,214 shares of the industrial products company’s stock valued at $9,276,000 after buying an additional 4,317 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.