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

Valmont Industries, Inc. (NYSE:VMI) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Valmont Industries in a report issued on Friday, May 3rd. DA Davidson analyst B. Thielman anticipates 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 quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $3.24 by $1.08. The business had revenue of $977.83 million during the quarter, compared to analysts’ expectations of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.54 EPS.

Several other analysts have also weighed in on the company. StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $249.00 price objective on shares of Valmont Industries in a report on Monday, March 25th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.00.

Valmont Industries Stock Performance

NYSE VMI opened at $246.55 on Monday. Valmont Industries has a 52-week low of $188.63 and a 52-week high of $303.57. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 32.48 and a beta of 1.05. The company’s fifty day moving average is $218.31 and its two-hundred day moving average is $220.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, June 28th. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in shares of Valmont Industries by 20.6% in the 4th quarter. Victory Capital Management Inc. now owns 246,757 shares of the industrial products company’s stock worth $57,620,000 after purchasing an additional 42,173 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Valmont Industries by 18.6% during the fourth quarter. Nordea Investment Management AB now owns 12,189 shares of the industrial products company’s stock worth $2,863,000 after buying an additional 1,911 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Valmont Industries by 97.4% in the third quarter. Hsbc Holdings PLC now owns 15,703 shares of the industrial products company’s stock valued at $3,807,000 after acquiring an additional 7,749 shares during the last quarter. Hamel Associates Inc. raised its stake in shares of Valmont Industries by 1.2% in the third quarter. Hamel Associates Inc. now owns 22,607 shares of the industrial products company’s stock valued at $5,430,000 after acquiring an additional 260 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Valmont Industries by 21.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,622 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 281 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.