Valmont Industries (VMI) Projected to Post Earnings on Tuesday

Valmont Industries (NYSE:VMI) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $3.63 per share and revenue of $1.01 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Valmont Industries Trading Up 0.1 %

VMI stock opened at $328.56 on Tuesday. The business’s 50-day moving average is $323.50 and its 200 day moving average is $309.50. Valmont Industries has a 12-month low of $202.01 and a 12-month high of $354.13. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 22.32 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

VMI has been the subject of several research reports. DA Davidson boosted their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Insider Activity at Valmont Industries

In other news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Company Profile

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.