Q4 EPS Estimates for Valmont Industries Cut by DA Davidson

Valmont Industries, Inc. (NYSE:VMI) – Equities researchers at DA Davidson dropped their Q4 2024 earnings per share (EPS) estimates for Valmont Industries in a research report issued on Thursday, October 24th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings of $3.59 per share for the quarter, down from their previous forecast of $3.65. DA Davidson has a “Buy” rating and a $380.00 price target 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’ FY2025 earnings at $18.69 EPS.

VMI has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Price Performance

VMI stock opened at $317.15 on Friday. The firm has a 50 day simple moving average of $288.16 and a two-hundred day simple moving average of $269.11. The stock has a market cap of $6.40 billion, a PE ratio of 41.79 and a beta of 1.02. Valmont Industries has a one year low of $188.63 and a one year 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 EPS for the quarter, topping the consensus estimate of $4.00 by $0.11. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a return on equity of 23.63% and a net margin of 7.38%. Valmont Industries’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.12 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in 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 acquiring an additional 35 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Valmont Industries by 3.1% during the third 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 during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of 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 worth $470,000 after purchasing an additional 42 shares during the last quarter. Creative Planning increased its holdings in Valmont Industries by 0.5% during the 2nd quarter. Creative Planning now owns 8,922 shares of the industrial products company’s stock valued at $2,449,000 after purchasing an additional 45 shares during the period. Finally, GAMMA Investing LLC raised 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 valued at $29,000 after purchasing an additional 54 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valmont Industries

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

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

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.