Valmont Industries (NYSE:VMI) Announces Quarterly Earnings Results

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

Valmont Industries Trading Down 0.6%

NYSE VMI 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 company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 24.39 and a beta of 1.24. The company’s 50-day simple moving average is $428.88 and its two-hundred day simple moving average is $421.48. Valmont Industries has a one year low of $267.02 and a one year high of $487.58.

Valmont Industries Increases Dividend

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

Institutional Investors Weigh In On Valmont Industries

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in Valmont Industries during the fourth quarter valued at about $34,000. Atlas Capital Advisors Inc. acquired a new stake in Valmont Industries in the fourth quarter worth about $45,000. Measured Wealth Private Client Group LLC acquired a new stake in Valmont Industries in the third quarter worth about $53,000. Geneos Wealth Management Inc. boosted its holdings in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Finally, Quarry LP boosted its holdings in Valmont Industries by 1,733.3% in the fourth quarter. Quarry LP now owns 165 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson upped their price objective on Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Stifel Nicolaus upped their price objective on Valmont Industries from $492.00 to $501.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $487.00.

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.