Valmont Industries (NYSE:VMI) Reaches New 12-Month High – What’s Next?

Valmont Industries, Inc. (NYSE:VMI)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $555.00 and last traded at $557.50, with a volume of 196 shares. The stock had previously closed at $546.81.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VMI shares. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Stifel Nicolaus increased their target price on shares of Valmont Industries from $497.00 to $541.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Zacks Research raised shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, DA Davidson increased their target price on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.25.

Valmont Industries Stock Up 2.8%

The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $10.79 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The business’s 50 day simple moving average is $494.21 and its 200 day simple moving average is $452.10.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. During the same period last year, the company posted $4.32 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts forecast that Valmont Industries, Inc. will post 22.83 EPS for the current year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Valmont Industries

A number of institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC boosted its position in Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 21 shares during the period. Allen Capital Group LLC boosted its position in Valmont Industries by 2.2% during the 4th quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 24 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Valmont Industries by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock valued at $2,933,000 after buying an additional 29 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Valmont Industries by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock valued at $182,000 after buying an additional 30 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in shares of Valmont Industries by 5.6% during the 4th quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock valued at $245,000 after buying an additional 31 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.