Valmont Industries (NYSE:VMI) Hits New 52-Week High at $152.65

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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 changing hands. The stock had previously closed at $149.67.

Several equities analysts have weighed in on VMI shares. DA Davidson cut their target price on Valmont Industries to $155.00 in a research note on Monday, October 7th. Stifel Nicolaus set a $152.00 target price on Valmont Industries and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, ValuEngine lowered Valmont Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. One investment 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 a consensus rating of “Hold” and a consensus price target of $150.33.

The company has a market cap of $3.22 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.62 and a quick ratio of 1.90. The stock has a 50-day moving average price of $147.36 and a 200 day moving average price of $138.56.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.85 EPS for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.45). The business had revenue of $690.34 million for the quarter, compared to analyst estimates of $744.84 million. Valmont Industries had a return on equity of 15.28% and a net margin of 4.88%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 8.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, December 26th. Valmont Industries’s dividend payout ratio is currently 19.79%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMI. Invesco Ltd. grew its holdings in shares of Valmont Industries by 123.4% during the second quarter. Invesco Ltd. now owns 435,858 shares of the industrial products company’s stock worth $55,271,000 after buying an additional 240,714 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Valmont Industries by 17.8% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 358,934 shares of the industrial products company’s stock worth $280,630,000 after buying an additional 54,327 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Valmont Industries by 2.8% during the fourth quarter. Boston Trust Walden Corp now owns 106,940 shares of the industrial products company’s stock worth $16,018,000 after buying an additional 2,863 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Valmont Industries by 9.2% during the third quarter. First Trust Advisors LP now owns 106,402 shares of the industrial products company’s stock worth $14,730,000 after buying an additional 8,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Valmont Industries by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 102,618 shares of the industrial products company’s stock worth $13,013,000 after buying an additional 2,855 shares in the last quarter. 85.61% of the stock is currently owned by 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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