Valmont Industries (VMI) to Release Quarterly Earnings on Tuesday

Valmont Industries (NYSE:VMI - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $3.63 per share and revenue of $1.01 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Valmont Industries Stock Down 1.0 %

Shares of NYSE VMI traded down $3.18 during midday trading on Friday, reaching $319.86. The company's stock had a trading volume of 130,643 shares, compared to its average volume of 106,658. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 21.73 and a beta of 1.05. Valmont Industries has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The stock has a 50 day simple moving average of $321.69 and a 200-day simple moving average of $309.98. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

VMI has been the topic of a number of recent analyst reports. DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a "buy" rating in a research report on Friday, January 24th.

Insiders Place Their Bets

In other news, Director Daas Kaj Den sold 1,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares of the company's stock, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mogens C. Bay sold 20,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares of the company's stock, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% 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.