Valmont Industries, Inc. to Post Q2 2024 Earnings of $4.12 Per Share, DA Davidson Forecasts (NYSE:VMI)

Valmont Industries, Inc. (NYSE:VMI) – DA Davidson issued their Q2 2024 earnings per share estimates for shares of Valmont Industries in a research note issued to investors on Friday, May 3rd. DA Davidson analyst B. Thielman expects that the industrial products company will post earnings of $4.12 per share for the quarter. DA Davidson currently has a “Buy” rating and a $275.00 price objective on the stock. The consensus estimate for Valmont Industries’ current full-year earnings is $15.90 per share. DA Davidson also issued estimates for Valmont Industries’ FY2025 earnings at $16.90 EPS.

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

A number of other research analysts have also commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

Valmont Industries Price Performance

Shares of VMI opened at $246.21 on Monday. The company’s 50-day moving average is $216.97 and its 200-day moving average is $220.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.56. The firm has a market capitalization of $4.98 billion, a PE ratio of 32.44 and a beta of 1.05. Valmont Industries has a fifty-two week low of $188.63 and a fifty-two week high of $303.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Valmont Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company’s stock valued at $490,407,000 after buying an additional 54,189 shares during the period. Impax Asset Management Group plc lifted its position in shares of Valmont Industries by 0.6% during the 4th quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company’s stock valued at $187,358,000 after acquiring an additional 5,109 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 401,313 shares of the industrial products company’s stock worth $93,711,000 after purchasing an additional 17,631 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Valmont Industries by 3.7% in the fourth quarter. King Luther Capital Management Corp now owns 386,624 shares of the industrial products company’s stock worth $90,281,000 after purchasing an additional 13,756 shares during the period. Finally, Copeland Capital Management LLC increased its position in shares of Valmont Industries by 36.9% in the fourth quarter. Copeland Capital Management LLC now owns 295,350 shares of the industrial products company’s stock worth $68,967,000 after purchasing an additional 79,647 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.40 annualized dividend and a dividend yield of 0.97%. 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.