Q3 2024 EPS Estimates for Valmont Industries, Inc. Decreased by Analyst (NYSE:VMI)

Valmont Industries, Inc. (NYSE:VMI) – Equities research analysts at William Blair reduced their Q3 2024 earnings per share estimates for shares of Valmont Industries in a research report issued on Thursday, May 2nd. William Blair analyst B. Drab now anticipates that the industrial products company will earn $3.77 per share for the quarter, down from their previous estimate of $3.79. The consensus estimate for Valmont Industries’ current full-year earnings is $15.90 per share. William Blair also issued estimates for Valmont Industries’ Q4 2024 earnings at $3.95 EPS.

Several other research analysts have also commented on VMI. Stifel Nicolaus reaffirmed a “buy” rating and set a $249.00 price target on shares of Valmont Industries in a research report on Monday, March 25th. DA Davidson cut their target price on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.00.

Valmont Industries Price Performance

Shares of VMI opened at $246.55 on Monday. Valmont Industries has a 1-year low of $188.63 and a 1-year high of $303.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65. The stock has a market cap of $4.99 billion, a PE ratio of 32.48 and a beta of 1.05. The firm has a fifty day moving average price of $218.31 and a 200 day moving average price of $220.36.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $3.24 by $1.08. The company had revenue of $977.83 million for the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.54 earnings per share.

Institutional Investors Weigh In On Valmont Industries

Several large investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Valmont Industries by 2.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,796 shares of the industrial products company’s stock valued at $405,000 after buying an additional 48 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Valmont Industries by 0.6% in the third quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock valued at $2,188,000 after acquiring an additional 50 shares in the last quarter. FCA Corp TX increased its stake in shares of Valmont Industries by 0.4% during the fourth quarter. FCA Corp TX now owns 15,133 shares of the industrial products company’s stock worth $3,534,000 after acquiring an additional 53 shares during the period. Signaturefd LLC raised its holdings in Valmont Industries by 37.3% during the fourth quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 56 shares in the last quarter. Finally, D.B. Root & Company LLC lifted its position in Valmont Industries by 1.6% in the fourth quarter. D.B. Root & Company LLC now owns 3,795 shares of the industrial products company’s stock valued at $886,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, June 28th. Valmont Industries’s payout ratio is currently 31.62%.

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.