Valmont Industries, Inc. (NYSE:VMI) - Equities researchers at DA Davidson lowered their Q3 2017 earnings per share (EPS) estimates for shares of Valmont Industries in a research report issued on Thursday. DA Davidson analyst B. Thielman now anticipates that the industrial products company will earn $1.62 per share for the quarter, down from their prior forecast of $1.65. DA Davidson also issued estimates for Valmont Industries’ Q4 2017 earnings at $1.72 EPS.
A number of other research analysts have also recently commented on the company. Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a report on Friday, July 14th. BidaskClub raised Valmont Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $168.00.
Valmont Industries (NYSE VMI) opened at 157.95 on Monday. The company has a market capitalization of $3.56 billion, a PE ratio of 19.57 and a beta of 0.97. The firm’s 50-day moving average is $150.05 and its 200-day moving average is $149.26. Valmont Industries has a 12 month low of $120.65 and a 12 month high of $165.20.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million for the quarter, compared to analysts’ expectations of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. Valmont Industries’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.95%. Valmont Industries’s dividend payout ratio (DPR) is 18.59%.
Several institutional investors have recently added to or reduced their stakes in the stock. Global Endowment Management LP increased its position in Valmont Industries by 0.4% in the first quarter. Global Endowment Management LP now owns 2,480 shares of the industrial products company’s stock valued at $386,000 after buying an additional 10 shares in the last quarter. Argent Capital Management LLC increased its position in Valmont Industries by 2.3% in the first quarter. Argent Capital Management LLC now owns 2,652 shares of the industrial products company’s stock valued at $412,000 after buying an additional 60 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Valmont Industries by 2.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,900 shares of the industrial products company’s stock valued at $690,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Valmont Industries by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the industrial products company’s stock valued at $886,000 after buying an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Valmont Industries by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,159 shares of the industrial products company’s stock valued at $1,269,000 after buying an additional 100 shares in the last quarter. 84.45% of the stock is currently owned by hedge funds and other institutional investors.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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