Research Analysts Issue Forecasts for Valmont Industries, Inc.’s Q2 2024 Earnings (NYSE:VMI)

Valmont Industries, Inc. (NYSE:VMI) – Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for Valmont Industries in a research note issued to investors on Friday, May 3rd. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings of $4.12 per share for the quarter. DA Davidson currently has a “Buy” rating and a $275.00 target price on the stock. The consensus estimate for Valmont Industries’ current full-year earnings is $15.90 per share. DA Davidson also issued estimates for Valmont Industries’ FY2025 earnings at $16.90 EPS.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $249.00 price target on shares of Valmont Industries in a research report on Monday, March 25th. StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

Valmont Industries Stock Performance

Shares of VMI opened at $247.72 on Monday. The company has a market capitalization of $5.01 billion, a PE ratio of 32.44 and a beta of 1.05. Valmont Industries has a 52-week low of $188.63 and a 52-week high of $303.57. The company has a 50-day simple moving average of $216.97 and a 200-day simple moving average of $220.19. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same period in the previous year, the business earned $3.54 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year.

Institutional Trading of Valmont Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VMI. Victory Capital Management Inc. boosted its stake in shares of Valmont Industries by 20.6% during the 4th quarter. Victory Capital Management Inc. now owns 246,757 shares of the industrial products company’s stock worth $57,620,000 after purchasing an additional 42,173 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Valmont Industries by 18.6% during the 4th quarter. Nordea Investment Management AB now owns 12,189 shares of the industrial products company’s stock worth $2,863,000 after buying an additional 1,911 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Valmont Industries by 97.4% in the 3rd quarter. Hsbc Holdings PLC now owns 15,703 shares of the industrial products company’s stock worth $3,807,000 after buying an additional 7,749 shares during the period. Hamel Associates Inc. boosted its holdings in Valmont Industries by 1.2% in the third quarter. Hamel Associates Inc. now owns 22,607 shares of the industrial products company’s stock valued at $5,430,000 after acquiring an additional 260 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Valmont Industries by 21.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,622 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 281 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, March 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

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.