Valmont Industries, Inc. (VMI) Lifted to “Sell” at BidaskClub

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.

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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.

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