Valmont Industries (NYSE:VMI) Posts Earnings Results, Beats Estimates By $0.79 EPS

Valmont Industries (NYSE:VMI) posted its quarterly earnings data on Tuesday. The industrial products company reported $5.51 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79, Zacks reports. Valmont Industries had a net margin of 8.53% and a return on equity of 23.82%.

Valmont Industries Trading Down 0.6%

Valmont Industries stock opened at $410.31 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.58 and a current ratio of 2.35. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 24.39 and a beta of 1.24. Valmont Industries has a 1 year low of $267.02 and a 1 year high of $487.58. The firm’s 50 day moving average price is $428.88 and its two-hundred day moving average price is $421.48.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 27th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.8%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, March 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 18.31%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VMI shares. Wall Street Zen lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $492.00 to $501.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. DA Davidson lifted their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $487.00.

Hedge Funds Weigh In On Valmont Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evolve Private Wealth LLC purchased a new position in Valmont Industries during the 4th quarter worth approximately $256,000. Hilltop Holdings Inc. purchased a new position in Valmont Industries during the 3rd quarter worth approximately $245,000. Zacks Investment Management purchased a new position in Valmont Industries during the 3rd quarter worth approximately $213,000. Arkadios Wealth Advisors purchased a new position in Valmont Industries during the 4th quarter worth approximately $206,000. Finally, Parkside Financial Bank & Trust grew its position in Valmont Industries by 166.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 328 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 205 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

About Valmont Industries

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.