Stifel Nicolaus Cuts Valmont Industries (VMI) Price Target to $141.00

Valmont Industries (NYSE:VMI) had its price objective lowered by Stifel Nicolaus from $160.00 to $141.00 in a report released on Monday, Marketbeat.com reports. The firm currently has a hold rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on VMI. Zacks Investment Research upgraded Valmont Industries from a sell rating to a hold rating in a report on Saturday, January 13th. Seaport Global Securities downgraded Valmont Industries from a buy rating to a neutral rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Valmont Industries presently has a consensus rating of Hold and a consensus price target of $169.00.

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NYSE VMI opened at $146.15 on Monday. The firm has a market capitalization of $3,237.22, a P/E ratio of 20.97, a P/E/G ratio of 1.79 and a beta of 1.02. Valmont Industries has a twelve month low of $137.90 and a twelve month high of $176.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.65 and a quick ratio of 2.61.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, April 18th. The industrial products company reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.07. The business had revenue of $698.68 million during the quarter, compared to the consensus estimate of $682.96 million. Valmont Industries had a return on equity of 14.17% and a net margin of 4.23%. Valmont Industries’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 earnings per share. sell-side analysts anticipate that Valmont Industries will post 7.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were given a dividend of $0.375 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a yield of 1.03%. Valmont Industries’s dividend payout ratio (DPR) is currently 21.52%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new stake in Valmont Industries during the fourth quarter valued at $309,000. MetLife Investment Advisors LLC bought a new stake in Valmont Industries during the fourth quarter valued at $2,372,000. Glenmede Trust Co. NA boosted its position in Valmont Industries by 13.6% during the fourth quarter. Glenmede Trust Co. NA now owns 4,365 shares of the industrial products company’s stock valued at $723,000 after acquiring an additional 521 shares during the last quarter. Castleark Management LLC boosted its position in Valmont Industries by 11.6% during the fourth quarter. Castleark Management LLC now owns 92,605 shares of the industrial products company’s stock valued at $15,359,000 after acquiring an additional 9,645 shares during the last quarter. Finally, Makaira Partners LLC boosted its position in Valmont Industries by 6.0% during the fourth quarter. Makaira Partners LLC now owns 315,610 shares of the industrial products company’s stock valued at $52,344,000 after acquiring an additional 17,990 shares during the last quarter. 87.05% of the stock is currently owned by institutional investors and hedge funds.

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About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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