Valmont Industries (NYSE:VMI) Cut to Neutral at DA Davidson

DA Davidson cut shares of Valmont Industries (NYSE:VMI) from a buy rating to a neutral rating in a research report released on Wednesday morning, Marketbeat Ratings reports. They currently have $380.00 price target on the industrial products company’s stock. DA Davidson also issued estimates for Valmont Industries’ Q1 2025 earnings at $4.33 EPS, FY2025 earnings at $18.38 EPS and FY2026 earnings at $20.49 EPS.

Separately, Stifel Nicolaus increased their price target on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Valmont Industries Stock Down 3.8 %

Shares of NYSE VMI opened at $349.17 on Wednesday. Valmont Industries has a 52-week low of $202.01 and a 52-week high of $379.22. The firm has a fifty day moving average of $324.10 and a 200-day moving average of $312.21. The stock has a market capitalization of $7.00 billion, a PE ratio of 20.32 and a beta of 1.05. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $3.18 EPS. On average, analysts anticipate that Valmont Industries will post 18.14 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.78%. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Valmont Industries

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $39,000. Aster Capital Management DIFC Ltd increased its stake in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 123 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $58,000. Finally, Quarry LP increased its stake in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds 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.