BidaskClub upgraded shares of Valmont Industries, Inc. (NYSE:VMI) from a strong sell rating to a sell rating in a report issued on Tuesday, June 13th.
A number of other analysts have also recently commented on VMI. Stifel Nicolaus lifted their target price on Valmont Industries to $160.00 and gave the stock a hold rating in a research report on Thursday, February 23rd. TheStreet raised Valmont Industries from a c rating to a b- rating in a report on Tuesday, February 21st. Zacks Investment Research lowered Valmont Industries from a buy rating to a hold rating in a report on Tuesday, February 28th. Finally, William Blair reissued a market perform rating on shares of Valmont Industries in a report on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $167.00.
Valmont Industries (NYSE:VMI) traded down 2.12% during midday trading on Tuesday, hitting $148.00. 92,646 shares of the stock were exchanged. The company has a market capitalization of $3.34 billion, a P/E ratio of 18.73 and a beta of 0.99. Valmont Industries has a 1-year low of $120.65 and a 1-year high of $165.20. The company’s 50 day moving average is $149.62 and its 200 day moving average is $149.10.
Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.08. Valmont Industries had a return on equity of 14.93% and a net margin of 6.99%. The business had revenue of $637.47 million for the quarter, compared to analysts’ expectations of $626.02 million. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Analysts predict that Valmont Industries will post $7.08 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://sportsperspectives.com/2017/06/20/valmont-industries-inc-vmi-upgraded-to-sell-at-bidaskclub-updated.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, June 28th. Valmont Industries’s dividend payout ratio is presently 18.96%.
A number of large investors have recently made changes to their positions in VMI. Pinnacle Bank acquired a new stake in shares of Valmont Industries during the first quarter worth $117,000. Elkfork Partners LLC purchased a new stake in shares of Valmont Industries during the fourth quarter valued at approximately $162,000. Gofen & Glossberg LLC IL purchased a new stake in shares of Valmont Industries during the first quarter valued at approximately $205,000. Janney Montgomery Scott LLC purchased a new stake in shares of Valmont Industries during the first quarter valued at approximately $207,000. Finally, Timber Hill LLC purchased a new stake in shares of Valmont Industries during the first quarter valued at approximately $209,000. 85.05% of the stock is currently owned by institutional investors.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.