DA Davidson Research Analysts Cut Earnings Estimates for VMI

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

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) 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 in the prior year, the firm posted $4.12 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year.

Several other brokerages have also issued reports on VMI. Stifel Nicolaus raised their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $370.00.

Valmont Industries Stock Down 1.4 %

Shares of NYSE:VMI opened at $320.96 on Friday. The firm has a 50 day simple moving average of $287.45 and a 200-day simple moving average of $268.48. Valmont Industries has a twelve month low of $188.63 and a twelve month high of $330.97. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $6.47 billion, a PE ratio of 21.80 and a beta of 1.02.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued 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 of this dividend was Friday, September 27th. Valmont Industries’s dividend payout ratio is presently 16.30%.

Insider Activity at Valmont Industries

In other news, Director Theodor Werner Freye sold 1,600 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 3,685 shares in the company, valued at approximately $1,105,942.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Theodor Werner Freye sold 1,600 shares of the 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 transaction, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value 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. This trade represents 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 currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Congress Wealth Management LLC DE grew its holdings in shares of Valmont Industries by 11.7% in the 1st quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock worth $6,317,000 after acquiring an additional 2,909 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Valmont Industries by 69.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 161,605 shares of the industrial products company’s stock valued at $36,891,000 after purchasing an additional 65,970 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Valmont Industries by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 5,088 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 100 shares during the last quarter. Norden Group LLC grew its stake in Valmont Industries by 1,353.5% in the 1st quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after acquiring an additional 21,995 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Valmont Industries by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 79,208 shares of the industrial products company’s stock valued at $18,082,000 after acquiring an additional 1,933 shares in the last quarter. 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.