Valmont Industries (NYSE:VMI) Sets New 52-Week High – Time to Buy?

Valmont Industries, Inc. (NYSE:VMI)’s stock 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 changing hands. The stock had previously closed at $546.81.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VMI shares. DA Davidson increased 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. JPMorgan Chase & Co. upped their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. Weiss Ratings lowered Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Oppenheimer set a $600.00 price target on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $525.25.

Valmont Industries Stock Up 0.9%

The firm’s fifty day moving average is $488.37 and its 200-day moving average is $450.15. The company has a market capitalization of $10.70 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating the consensus estimate of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. During the same quarter in the prior year, the firm earned $4.32 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Valmont Industries, Inc. will post 22.83 EPS for the current year.

Valmont Industries Dividend Announcement

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

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction on 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 sale, the director owned 112,309 shares in the company, valued at $55,294,213.06. The trade was a 13.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by company insiders.

Institutional Trading of Valmont Industries

Hedge funds have recently made changes to their positions in the company. Community Bank N.A. bought a new stake in shares of Valmont Industries during the third quarter worth about $25,000. Elyxium Wealth LLC acquired a new stake in Valmont Industries during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Valmont Industries during the 4th quarter worth approximately $27,000. Leonteq Securities AG bought a new stake in Valmont Industries during the 4th quarter worth approximately $30,000. Finally, State of Wyoming acquired a new position in Valmont Industries in the 4th quarter valued at approximately $34,000. 87.84% of the stock is owned by institutional investors and hedge funds.

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.