William Blair downgraded shares of Valmont Industries (NYSE:VMI - Free Report) from an outperform rating to a market perform rating in a research note published on Friday morning, Marketbeat.com reports.
A number of other equities analysts have also recently weighed in on the company. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 19th.
View Our Latest Research Report on Valmont Industries
Valmont Industries Trading Up 3.5 %
Shares of VMI stock traded up $10.08 on Friday, reaching $295.58. 160,947 shares of the stock were exchanged, compared to its average volume of 141,017. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $5.93 billion, a P/E ratio of 17.20 and a beta of 0.98. The firm has a 50 day moving average of $332.20 and a two-hundred day moving average of $319.40. Valmont Industries has a 1-year low of $202.01 and a 1-year high of $379.22.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $3.18 earnings per share. On average, research analysts anticipate that Valmont Industries will post 18.07 EPS for the current year.
Valmont Industries Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.68 per share. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries's dividend payout ratio is 15.83%.
Institutional Trading of Valmont Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundry Partners LLC acquired a new position in Valmont Industries during the 3rd quarter worth $4,158,000. Covea Finance raised its stake in Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock valued at $4,661,000 after buying an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Valmont Industries during the 3rd quarter worth approximately $466,000. De Lisle Partners LLP grew its position in shares of Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock worth $5,454,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Valmont Industries by 70.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after acquiring an additional 19,096 shares during the last quarter. Institutional investors own 87.84% of the company's stock.
Valmont Industries Company Profile
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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.
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