Q4 EPS Estimate for Valmont Industries Reduced by Analyst

Valmont Industries, Inc. (NYSE:VMI) – DA Davidson decreased their Q4 2024 earnings per share estimates for shares of Valmont Industries in a report released on Thursday, October 24th. DA Davidson analyst B. Thielman now expects that the industrial products company will post earnings per share of $3.59 for the quarter, down from their previous estimate of $3.65. DA Davidson has a “Buy” rating and a $380.00 price target on the stock. The consensus estimate for Valmont Industries’ current full-year earnings is $16.78 per share. DA Davidson also issued estimates for Valmont Industries’ FY2025 earnings at $18.69 EPS.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.63%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.12 earnings per share.

A number of other equities analysts also recently issued reports on VMI. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Stifel Nicolaus lifted their price objective on Valmont Industries from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday.

Valmont Industries Trading Down 1.1 %

NYSE:VMI opened at $317.15 on Friday. The company has a market cap of $6.40 billion, a PE ratio of 41.79 and a beta of 1.02. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $288.16 and a two-hundred day simple moving average of $269.43. Valmont Industries has a 12 month low of $188.63 and a 12 month high of $330.97.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, September 27th. Valmont Industries’s payout ratio is currently 31.62%.

Insider Buying and Selling

In related news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the sale, the chief financial officer now owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total value of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company’s stock, valued at $1,105,942.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Valmont Industries

Several hedge funds have recently bought and sold shares of the stock. Diversify Wealth Management LLC boosted its stake in shares of Valmont Industries by 19.8% in the third quarter. Diversify Wealth Management LLC now owns 1,508 shares of the industrial products company’s stock worth $437,000 after acquiring an additional 249 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Valmont Industries in the third quarter worth about $220,000. L. Roy Papp & Associates LLP boosted its stake in shares of Valmont Industries by 1.0% in the third quarter. L. Roy Papp & Associates LLP now owns 13,962 shares of the industrial products company’s stock worth $4,048,000 after acquiring an additional 137 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Valmont Industries by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 2,342 shares of the industrial products company’s stock worth $679,000 after buying an additional 85 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Valmont Industries by 69.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 15,250 shares of the industrial products company’s stock worth $4,390,000 after buying an additional 6,250 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

About Valmont Industries

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.