DA Davidson Lowers Earnings Estimates for Valmont Industries

Valmont Industries, Inc. (NYSE:VMI) – Equities research analysts at DA Davidson lowered their FY2024 EPS estimates for Valmont Industries in a research note issued to investors on Thursday, October 24th. DA Davidson analyst B. Thielman now forecasts that the industrial products company will post earnings per share of $16.94 for the year, down from their previous forecast of $16.99. DA Davidson has a “Buy” rating and a $380.00 price objective on the stock. The consensus estimate for Valmont Industries’ current full-year earnings is $16.78 per share.

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

A number of other equities analysts have also commented on VMI. Stifel Nicolaus raised their price target on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Stock Down 1.1 %

VMI opened at $317.15 on Monday. The stock has a fifty day moving average of $288.16 and a 200-day moving average of $269.76. The company has a market capitalization of $6.40 billion, a P/E ratio of 41.79 and a beta of 1.02. Valmont Industries has a fifty-two week low of $188.63 and a fifty-two week high of $330.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53.

Insider Activity at Valmont Industries

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. increased its stake in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after buying an additional 103 shares during the period. Exchange Traded Concepts LLC bought a new position in Valmont Industries in the 3rd quarter valued at approximately $39,000. Quarry LP raised its holdings in Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Valmont Industries during the 2nd quarter worth approximately $52,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Valmont Industries

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.