Stifel Nicolaus Issues Positive Forecast for Valmont Industries (NYSE:VMI) Stock Price

Valmont Industries (NYSE:VMI) had its target price lifted by Stifel Nicolaus from $491.00 to $492.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. DA Davidson increased their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.33.

Valmont Industries Trading Down 1.5%

Shares of VMI stock opened at $439.82 on Friday. The business’s 50 day moving average is $415.80 and its two-hundred day moving average is $392.21. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $451.45. The company has a market capitalization of $8.66 billion, a P/E ratio of 37.88 and a beta of 1.20. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, topping the consensus estimate of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business earned $4.11 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Valmont Industries will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 26th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, December 26th. Valmont Industries’s dividend payout ratio is presently 23.43%.

Institutional Investors Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its stake in Valmont Industries by 225.1% in the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after purchasing an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Valmont Industries by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after purchasing an additional 4,676 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Valmont Industries in the first quarter valued at $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Valmont Industries by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock worth $20,692,000 after buying an additional 2,639 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after buying an additional 105 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Company Profile

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.