DA Davidson Raises Valmont Industries (NYSE:VMI) Price Target to $380.00

Valmont Industries (NYSE:VMI) had its target price boosted by DA Davidson from $340.00 to $380.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock. DA Davidson also issued estimates for Valmont Industries’ Q4 2024 earnings at $3.65 EPS, Q4 2024 earnings at $3.59 EPS, FY2024 earnings at $16.99 EPS and FY2025 earnings at $18.69 EPS.

Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their price target on Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Stock Down 1.1 %

VMI stock opened at $317.15 on Thursday. The company has a 50-day moving average of $288.16 and a two-hundred day moving average of $269.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 41.79 and a beta of 1.02. Valmont Industries has a 52-week low of $188.63 and a 52-week high of $330.97.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.63%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $4.12 earnings per share. As a group, equities research analysts anticipate that Valmont Industries will post 16.78 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Friday, September 27th. Valmont Industries’s dividend payout ratio is presently 31.62%.

Insider Activity at Valmont Industries

In other news, CFO Timothy P. Francis sold 2,300 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at approximately $2,826,998.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the transaction, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the transaction, the director now directly owns 3,685 shares of the company’s stock, valued at $1,105,942.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norden Group LLC increased its holdings in Valmont Industries by 1,353.5% in the first quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after purchasing an additional 21,995 shares during the period. Mather Group LLC. increased its stake in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after buying an additional 103 shares during the period. Congress Wealth Management LLC DE raised its position in shares of Valmont Industries by 11.7% during the first quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock worth $6,317,000 after acquiring an additional 2,909 shares during the last quarter. Trillium Asset Management LLC lifted its stake in shares of Valmont Industries by 5.0% in the first quarter. Trillium Asset Management LLC now owns 57,547 shares of the industrial products company’s stock worth $13,137,000 after acquiring an additional 2,723 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Valmont Industries by 292.4% in the second quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock valued at $929,000 after acquiring an additional 2,523 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.