Valmont Industries, Inc. (NYSE:VMI) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $145.00.

VMI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Valmont Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Boenning Scattergood downgraded shares of Valmont Industries from an “outperform” rating to a “neutral” rating in a research report on Friday, July 13th. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, July 25th. Finally, TheStreet downgraded shares of Valmont Industries from a “b-” rating to a “c+” rating in a research report on Thursday, October 4th.

Shares of NYSE:VMI traded up $0.43 during midday trading on Friday, reaching $128.87. The company’s stock had a trading volume of 107,095 shares, compared to its average volume of 104,956. The company has a market capitalization of $3.10 billion, a PE ratio of 18.49, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.83 and a quick ratio of 2.20. Valmont Industries has a 12-month low of $126.85 and a 12-month high of $176.35.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Valmont Industries had a net margin of 3.74% and a return on equity of 13.89%. The company had revenue of $682.41 million for the quarter, compared to the consensus estimate of $709.92 million. During the same period in the prior year, the firm posted $2.01 EPS. Equities analysts anticipate that Valmont Industries will post 7.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is 21.52%.

In related news, SVP John A. Kehoe sold 3,059 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $137.50, for a total transaction of $420,612.50. Following the sale, the senior vice president now directly owns 2,911 shares of the company’s stock, valued at approximately $400,262.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in VMI. Moneta Group Investment Advisors LLC lifted its stake in Valmont Industries by 101.3% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 795 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 400 shares during the period. Meadow Creek Investment Management LLC lifted its stake in Valmont Industries by 13.7% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 3,672 shares of the industrial products company’s stock valued at $554,000 after acquiring an additional 442 shares during the period. Retirement Systems of Alabama lifted its stake in Valmont Industries by 0.9% during the 2nd quarter. Retirement Systems of Alabama now owns 64,497 shares of the industrial products company’s stock valued at $9,723,000 after acquiring an additional 594 shares during the period. UBS Group AG lifted its stake in Valmont Industries by 6.5% during the 1st quarter. UBS Group AG now owns 10,368 shares of the industrial products company’s stock valued at $1,517,000 after acquiring an additional 630 shares during the period. Finally, Profund Advisors LLC lifted its stake in Valmont Industries by 26.2% during the 1st quarter. Profund Advisors LLC now owns 3,205 shares of the industrial products company’s stock valued at $469,000 after acquiring an additional 665 shares during the period. 87.46% of the stock is currently owned by institutional investors.

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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