Valmont Industries (NYSE:VMI) PT Raised to $360.00 at Stifel Nicolaus

Valmont Industries (NYSE:VMI) had its target price hoisted by Stifel Nicolaus from $350.00 to $360.00 in a research note issued to investors on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

VMI has been the topic of a number of other research reports. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. DA Davidson raised their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Valmont Industries currently has a consensus rating of “Buy” and an average price target of $370.00.

Valmont Industries Stock Down 1.4 %

Shares of NYSE VMI opened at $320.96 on Thursday. The firm’s 50-day moving average is $287.45 and its two-hundred day moving average is $268.48. The company has a market capitalization of $6.47 billion, a PE ratio of 21.80 and a beta of 1.02. Valmont Industries has a 12-month low of $188.63 and a 12-month high of $330.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a return on equity of 23.63% and a net margin of 7.38%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.12 EPS. Equities analysts anticipate that Valmont Industries will post 16.78 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, September 27th. Valmont Industries’s dividend payout ratio is currently 16.30%.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at $2,826,998.79. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the transaction, the director now directly owns 3,685 shares in the company, valued at $1,105,942.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Valmont Industries

A number of institutional investors have recently added to or reduced their stakes in VMI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Valmont Industries by 1.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. increased its position in Valmont Industries by 3.1% during the 3rd quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 39 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Valmont Industries by 2.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock valued at $470,000 after buying an additional 42 shares during the period. Creative Planning lifted its position in Valmont Industries by 0.5% during the second quarter. Creative Planning now owns 8,922 shares of the industrial products company’s stock valued at $2,449,000 after buying an additional 45 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 54 shares during the period. 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.