Valmont Industries, Inc. (NYSE:VMI) – Investment analysts at Boenning Scattergood decreased their FY2017 earnings per share estimates for shares of Valmont Industries in a research report issued on Thursday. Boenning Scattergood analyst R. Connors now forecasts that the industrial products company will post earnings per share of $7.00 for the year, down from their previous forecast of $7.10. Boenning Scattergood currently has a “Buy” rating and a $185.00 target price on the stock. Boenning Scattergood also issued estimates for Valmont Industries’ Q4 2017 earnings at $1.72 EPS, Q2 2018 earnings at $2.31 EPS, Q3 2018 earnings at $1.96 EPS and Q4 2018 earnings at $2.06 EPS.
Several other equities research analysts also recently commented on VMI. Stifel Nicolaus reaffirmed a “buy” rating and set a $183.00 target price on shares of Valmont Industries in a report on Tuesday, October 17th. Zacks Investment Research raised Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a report on Tuesday, October 17th. BidaskClub downgraded Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Seaport Global Securities began coverage on Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $176.50.
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Shares of Valmont Industries (VMI) opened at 159.50 on Monday. Valmont Industries has a 52-week low of $121.05 and a 52-week high of $165.20. The stock has a market cap of $3.60 billion, a PE ratio of 19.76 and a beta of 0.99. The company’s 50-day moving average price is $155.09 and its 200-day moving average price is $151.42.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The company had revenue of $680.78 million for the quarter, compared to analysts’ expectations of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, September 28th. Valmont Industries’s dividend payout ratio is currently 17.90%.
A number of institutional investors have recently made changes to their positions in VMI. Global X Management Co. LLC lifted its stake in Valmont Industries by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 495 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Valmont Industries by 85.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 599 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Valmont Industries by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 8 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Valmont Industries in the 2nd quarter worth about $212,000. Finally, Verity Asset Management Inc. lifted its stake in Valmont Industries by 8.1% in the 2nd quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 119 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other 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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