Valmont Industries (NYSE:VMI) Reaches New 52-Week High – Here’s Why

Valmont Industries, Inc. (NYSE:VMI) reached a new 52-week high on Thursday . The stock traded as high as $431.80 and last traded at $429.2250, with a volume of 41573 shares traded. The stock had previously closed at $423.95.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VMI shares. DA Davidson raised their price target on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.33.

Valmont Industries Price Performance

The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company has a market cap of $8.52 billion, a PE ratio of 37.27 and a beta of 1.20. The business’s 50 day moving average price is $405.85 and its 200-day moving average price is $371.06.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating analysts’ consensus estimates of $4.64 by $0.34. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.Valmont Industries’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.11 EPS. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. As a group, analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is 23.43%.

Insider Transactions at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total value of $154,005.00. Following the completion of the sale, the insider directly owned 7,286 shares in the company, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Trading of Valmont Industries

Institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in shares of Valmont Industries by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after buying an additional 13,578 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Valmont Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company’s stock valued at $122,682,000 after acquiring an additional 4,722 shares during the period. Invesco Ltd. grew its holdings in shares of Valmont Industries by 8.3% during the third quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock valued at $164,009,000 after purchasing an additional 32,382 shares during the last quarter. Earnest Partners LLC raised its position in shares of Valmont Industries by 1.7% during the 3rd quarter. Earnest Partners LLC now owns 399,388 shares of the industrial products company’s stock worth $154,855,000 after purchasing an additional 6,799 shares during the period. Finally, Geode Capital Management LLC increased its position in Valmont Industries by 0.4% in the second quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock worth $115,704,000 after buying an additional 1,321 shares during the period. 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.