DA Davidson Boosts Earnings Estimates for Valmont Industries

Valmont Industries, Inc. (NYSE:VMI) – Equities research analysts at DA Davidson upped their FY2024 earnings per share estimates for Valmont Industries in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings of $16.99 per share for the year, up from their prior estimate of $16.89. DA Davidson currently has a “Buy” rating and a $380.00 price target on the stock. The consensus estimate for Valmont Industries’ current full-year earnings is $16.78 per share. DA Davidson also issued estimates for Valmont Industries’ Q4 2024 earnings at $3.65 EPS.

Several other equities analysts also recently issued reports on VMI. Stifel Nicolaus upped their target price on Valmont Industries from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Stock Performance

Shares of VMI opened at $317.15 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $288.16 and a 200-day moving average price of $269.11. Valmont Industries has a 12 month low of $188.63 and a 12 month high of $330.97. The firm has a market cap of $6.40 billion, a PE ratio of 41.79 and a beta of 1.02.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a return on equity of 23.63% and a net margin of 7.38%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $4.12 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year.

Valmont Industries Dividend Announcement

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Valmont Industries

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. grew its position in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after buying an additional 103 shares during the period. Exchange Traded Concepts LLC acquired a new position in Valmont Industries during the third quarter worth about $39,000. Quarry LP grew its position in Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after buying an additional 134 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Valmont Industries in the second quarter valued at approximately $52,000. Institutional investors and hedge funds 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.