Valmont Industries (NYSE:VMI) Hits New 12-Month High – Should You Buy?

Valmont Industries, Inc. (NYSE:VMI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $431.80 and last traded at $429.2250, with a volume of 41573 shares traded. The stock had previously closed at $423.95.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Monday. DA Davidson upped their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $448.33.

Valmont Industries Price Performance

The stock has a fifty day moving average of $405.85 and a two-hundred day moving average of $371.06. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 37.27 and a beta of 1.20. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $4.11 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 26th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $2.72 annualized dividend and a yield of 0.6%. Valmont Industries’s payout ratio is currently 23.43%.

Insider Buying and Selling

In related news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $410.68, for a total value of $154,005.00. Following the sale, the insider directly owned 7,286 shares in the company, valued at $2,992,214.48. The trade was a 4.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Trading of Valmont Industries

Several institutional investors and hedge funds have recently modified their holdings of VMI. Tudor Investment Corp ET AL acquired a new position in shares of Valmont Industries during the 3rd quarter worth approximately $1,749,000. Allworth Financial LP increased its position in Valmont Industries by 179.6% during the third quarter. Allworth Financial LP now owns 274 shares of the industrial products company’s stock worth $106,000 after buying an additional 176 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new position in shares of Valmont Industries in the third quarter worth $357,000. WBI Investments LLC purchased a new stake in shares of Valmont Industries in the third quarter valued at $248,000. Finally, Captrust Financial Advisors boosted its stake in shares of Valmont Industries by 11.3% during the third quarter. Captrust Financial Advisors now owns 10,738 shares of the industrial products company’s stock valued at $4,163,000 after acquiring an additional 1,086 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Company Profile

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.