Valmont Industries (NYSE:VMI) Downgraded by DA Davidson to “Neutral”

DA Davidson lowered shares of Valmont Industries (NYSE:VMI) from a buy rating to a neutral rating in a research note published on Wednesday morning, MarketBeat reports. DA Davidson currently has $380.00 price objective on the industrial products company’s stock. DA Davidson also issued estimates for Valmont Industries’ Q1 2025 earnings at $4.33 EPS, FY2025 earnings at $18.38 EPS and FY2026 earnings at $20.49 EPS.

Separately, Stifel Nicolaus raised their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Valmont Industries Price Performance

NYSE VMI opened at $349.17 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market capitalization of $7.00 billion, a PE ratio of 20.32 and a beta of 1.05. Valmont Industries has a 12 month low of $202.01 and a 12 month high of $379.22. The company’s 50 day simple moving average is $324.10 and its 200 day simple moving average is $312.21.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the business posted $3.18 earnings per share. As a group, equities research analysts forecast that Valmont Industries will post 18.14 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is currently 15.83%.

Insider Activity

In related news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares in the company, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Foundry Partners LLC bought a new position in shares of Valmont Industries during the 3rd quarter worth about $4,158,000. Covea Finance increased its holdings in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after purchasing an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valmont Industries during the 3rd quarter worth about $466,000. De Lisle Partners LLP increased its holdings in shares of Valmont Industries by 44.6% during the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after purchasing an additional 5,800 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Valmont Industries by 12.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after purchasing an additional 23,765 shares during the period. 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.