Valmont Industries (NYSE:VMI) Reaches New 1-Year High at $152.65

Valmont Industries, Inc. (NYSE:VMI)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $152.65 and last traded at $152.65, with a volume of 287 shares. The stock had previously closed at $149.67.

VMI has been the subject of several research reports. Stifel Nicolaus set a $152.00 price target on Valmont Industries and gave the stock a “buy” rating in a report on Friday, October 25th. ValuEngine cut Valmont Industries from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Finally, DA Davidson dropped their price objective on Valmont Industries to $155.00 in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $150.33.

The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.90 and a current ratio of 2.62. The company has a fifty day simple moving average of $147.36 and a two-hundred day simple moving average of $138.56.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.45). The company had revenue of $690.34 million during the quarter, compared to analyst estimates of $744.84 million. Valmont Industries had a net margin of 4.88% and a return on equity of 15.28%. Valmont Industries’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 8.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.50 annualized dividend and a yield of 0.99%. Valmont Industries’s dividend payout ratio is presently 19.79%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the 2nd quarter valued at $25,000. HM Payson & Co. acquired a new position in shares of Valmont Industries during the 2nd quarter worth $25,000. Knuff & Co LLC acquired a new position in shares of Valmont Industries during the 3rd quarter worth $55,000. Point72 Hong Kong Ltd raised its holdings in shares of Valmont Industries by 57.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,277 shares of the industrial products company’s stock worth $162,000 after buying an additional 468 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in shares of Valmont Industries during the 3rd quarter worth $216,000. 85.61% of the stock is owned by hedge funds and other institutional investors.

About Valmont Industries (NYSE:VMI)

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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