DA Davidson Boosts Valmont Industries (NYSE:VMI) Price Target to $380.00

Valmont Industries (NYSE:VMI) had its price target increased by DA Davidson from $340.00 to $380.00 in a report published on Thursday morning, Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock. DA Davidson also issued estimates for Valmont Industries’ Q4 2024 earnings at $3.65 EPS, Q4 2024 earnings at $3.59 EPS, FY2024 earnings at $16.99 EPS and FY2025 earnings at $18.69 EPS.

Several other research analysts have also weighed in on the company. Stifel Nicolaus boosted their price target on Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Stock Performance

Shares of VMI opened at $317.15 on Thursday. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 41.79 and a beta of 1.02. Valmont Industries has a 12 month low of $188.63 and a 12 month high of $330.97. The firm has a fifty day simple moving average of $288.16 and a 200 day simple moving average of $269.76. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Valmont Industries had a net margin of 7.38% and a return on equity of 23.63%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.12 EPS. Research analysts forecast that Valmont Industries will post 16.78 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Valmont Industries

Hedge funds have recently bought and sold shares of the stock. Congress Wealth Management LLC DE lifted its holdings in Valmont Industries by 11.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock worth $6,317,000 after purchasing an additional 2,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Valmont Industries by 69.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 161,605 shares of the industrial products company’s stock worth $36,891,000 after buying an additional 65,970 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Valmont Industries by 2.0% during the first quarter. State of Michigan Retirement System now owns 5,088 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 100 shares in the last quarter. Norden Group LLC boosted its position in shares of Valmont Industries by 1,353.5% in the first quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after acquiring an additional 21,995 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Valmont Industries by 2.5% in the first quarter. Principal Financial Group Inc. now owns 79,208 shares of the industrial products company’s stock valued at $18,082,000 after acquiring an additional 1,933 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.