Valmont Industries’ (VMI) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Valmont Industries (NYSE:VMI) in a research report released on Monday, Benzinga reports. They currently have a $249.00 price objective on the industrial products company’s stock.

Several other research analysts also recently issued reports on the company. StockNews.com raised Valmont Industries from a hold rating to a buy rating in a report on Saturday, March 23rd. DA Davidson dropped their price objective on Valmont Industries from $290.00 to $275.00 and set a buy rating for the company in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $262.00.

Valmont Industries Trading Up 2.5 %

Valmont Industries stock opened at $225.69 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.47. The business’s 50-day simple moving average is $222.71 and its 200-day simple moving average is $224.00. The firm has a market capitalization of $4.56 billion, a PE ratio of 33.49 and a beta of 1.02. Valmont Industries has a 52 week low of $188.63 and a 52 week high of $324.50.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.04 billion. Valmont Industries had a return on equity of 20.69% and a net margin of 3.44%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.46 earnings per share. Equities research analysts forecast that Valmont Industries will post 14.75 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.40 annualized dividend and a dividend yield of 1.06%. Valmont Industries’s dividend payout ratio is currently 35.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Belpointe Asset Management LLC raised its holdings in Valmont Industries by 7.6% during the first quarter. Belpointe Asset Management LLC now owns 607 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 43 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Valmont Industries by 2.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,796 shares of the industrial products company’s stock valued at $405,000 after buying an additional 48 shares during the period. Treasurer of the State of North Carolina raised its stake in Valmont Industries by 0.6% in the third quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock valued at $2,188,000 after buying an additional 50 shares during the period. Bessemer Group Inc. raised its stake in Valmont Industries by 6.7% in the second quarter. Bessemer Group Inc. now owns 825 shares of the industrial products company’s stock valued at $241,000 after buying an additional 52 shares during the period. Finally, FCA Corp TX raised its stake in Valmont Industries by 0.4% in the fourth quarter. FCA Corp TX now owns 15,133 shares of the industrial products company’s stock valued at $3,534,000 after buying an additional 53 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

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.