Valmont Industries (NYSE:VMI – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, April 20th. Analysts expect Valmont Industries to post earnings of $3.30 per share for the quarter. Valmont Industries has set its FY23 guidance at $15.35-15.90 EPS and its FY 2023 guidance at $15.35-$15.90 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Valmont Industries (NYSE:VMI – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The industrial products company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.49 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a net margin of 5.77% and a return on equity of 18.73%. On average, analysts expect Valmont Industries to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.
Valmont Industries Stock Performance
NYSE:VMI opened at $299.64 on Thursday. The stock has a market cap of $6.40 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07. The firm’s fifty day simple moving average is $312.58 and its 200 day simple moving average is $315.71. Valmont Industries has a twelve month low of $213.27 and a twelve month high of $353.36. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.53.
Valmont Industries Increases Dividend
Insider Transactions at Valmont Industries
In other news, insider Aaron M. Schapper sold 4,033 shares of Valmont Industries stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $309.24, for a total value of $1,247,164.92. Following the completion of the transaction, the insider now owns 13,629 shares of the company’s stock, valued at approximately $4,214,631.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Valmont Industries
Several large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Valmont Industries in the 4th quarter worth about $64,415,000. Vanguard Group Inc. raised its position in Valmont Industries by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,067,641 shares of the industrial products company’s stock worth $555,409,000 after buying an additional 71,967 shares during the last quarter. Eaton Vance Management raised its position in Valmont Industries by 4,078.5% in the 1st quarter. Eaton Vance Management now owns 36,562 shares of the industrial products company’s stock worth $8,724,000 after buying an additional 35,687 shares during the last quarter. Balyasny Asset Management LLC raised its position in Valmont Industries by 1,308.5% in the 3rd quarter. Balyasny Asset Management LLC now owns 38,185 shares of the industrial products company’s stock worth $10,257,000 after buying an additional 35,474 shares during the last quarter. Finally, BlackRock Inc. raised its position in Valmont Industries by 2.0% in the 1st quarter. BlackRock Inc. now owns 1,731,432 shares of the industrial products company’s stock worth $413,120,000 after buying an additional 33,219 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on VMI shares. DA Davidson reiterated a “neutral” rating on shares of Valmont Industries in a report on Friday, February 24th. StockNews.com initiated coverage on shares of Valmont Industries in a report on Thursday, March 16th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $385.00 to $389.00 and gave the company a “buy” rating in a report on Friday, January 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.00.
About Valmont Industries
Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.
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