Valmont Industries, Inc. (NYSE:VMI) – DA Davidson decreased their Q2 2019 earnings estimates for shares of Valmont Industries in a research report issued to clients and investors on Thursday, April 25th. DA Davidson analyst B. Thielman now expects that the industrial products company will earn $2.11 per share for the quarter, down from their prior forecast of $2.47. DA Davidson also issued estimates for Valmont Industries’ Q4 2019 earnings at $2.46 EPS and FY2019 earnings at $8.62 EPS.
Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.17. The business had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $683.66 million. Valmont Industries had a net margin of 3.33% and a return on equity of 14.70%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS.
A number of other equities research analysts have also recently weighed in on the stock. Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a research report on Thursday, February 21st. TheStreet raised shares of Valmont Industries from a “c+” rating to a “b-” rating in a research report on Wednesday, March 13th. ValuEngine cut shares of Valmont Industries from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, Stifel Nicolaus raised shares of Valmont Industries from a “hold” rating to a “buy” rating and boosted their price target for the company from $135.00 to $153.00 in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Valmont Industries has an average rating of “Hold” and an average price target of $153.00.
Valmont Industries stock opened at $134.88 on Monday. Valmont Industries has a 12-month low of $103.01 and a 12-month high of $157.15. The firm has a market cap of $2.91 billion, a PE ratio of 17.79, a PEG ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.34.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in Valmont Industries by 96.3% in the fourth quarter. SG Americas Securities LLC now owns 6,839 shares of the industrial products company’s stock valued at $759,000 after acquiring an additional 3,355 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Valmont Industries in the fourth quarter valued at $381,000. Oakbrook Investments LLC acquired a new position in Valmont Industries in the first quarter valued at $306,000. Robecosam AG increased its stake in Valmont Industries by 33.8% in the fourth quarter. Robecosam AG now owns 135,490 shares of the industrial products company’s stock valued at $14,739,000 after purchasing an additional 34,211 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new position in Valmont Industries in the fourth quarter valued at $13,296,000. 87.23% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.375 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.50 dividend on an annualized basis and a yield of 1.11%. Valmont Industries’s dividend payout ratio (DPR) is presently 19.79%.
Valmont Industries Company Profile
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.