Research Analysts Offer Predictions for VMI FY2024 Earnings

Valmont Industries, Inc. (NYSE:VMI) – Investment analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for shares of Valmont Industries in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst B. Thielman now expects that the industrial products company will earn $16.99 per share for the year, up from their prior estimate of $16.89. DA Davidson currently 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. DA Davidson also issued estimates for Valmont Industries’ Q4 2024 earnings at $3.65 EPS.

Several other research firms also recently weighed in on VMI. Stifel Nicolaus upped their price target on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Valmont Industries has an average rating of “Buy” and a consensus target price of $370.00.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $320.96 on Thursday. The company has a 50 day simple moving average of $287.45 and a two-hundred day simple moving average of $268.48. Valmont Industries has a fifty-two week low of $188.63 and a fifty-two week high of $330.97. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 21.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $4.12 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is currently 16.30%.

Insider Buying and Selling

In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at approximately $2,826,998.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 3,685 shares in the company, valued at $1,105,942.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 54 shares during the period. Mather Group LLC. grew its position in Valmont Industries by 2,060.0% during 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 stake in Valmont Industries during the third quarter valued at approximately $39,000. Quarry LP increased its holdings in Valmont Industries by 268.0% during the second 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 bought a new position in Valmont Industries in the second quarter worth approximately $52,000. 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.