Wall Street brokerages expect Valmont Industries, Inc. (NYSE:VMI) to announce sales of $716.58 million for the current quarter, according to Zacks. Five analysts have provided estimates for Valmont Industries’ earnings, with the highest sales estimate coming in at $747.80 million and the lowest estimate coming in at $695.88 million. Valmont Industries reported sales of $674.58 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is scheduled to report its next earnings results after the market closes on Wednesday, February 21st.
On average, analysts expect that Valmont Industries will report full year sales of $716.58 million for the current fiscal year, with estimates ranging from $2.73 billion to $2.78 billion. For the next financial year, analysts expect that the firm will report sales of $2.85 billion per share, with estimates ranging from $2.77 billion to $2.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Valmont Industries.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Seaport Global Securities cut Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Boenning Scattergood reiterated a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a research report on Friday, November 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $181.00 target price (up previously from $174.00) on shares of Valmont Industries in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Valmont Industries has a consensus rating of “Hold” and a consensus target price of $179.00.
In other news, VP Vanessa Kay Brown sold 3,059 shares of Valmont Industries stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Valmont Industries by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,824,308 shares of the industrial products company’s stock valued at $302,561,000 after purchasing an additional 25,187 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Valmont Industries by 16.5% during the fourth quarter. Schroder Investment Management Group now owns 698,881 shares of the industrial products company’s stock valued at $115,909,000 after purchasing an additional 98,823 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Valmont Industries by 53.0% during the third quarter. Pictet Asset Management Ltd. now owns 623,558 shares of the industrial products company’s stock valued at $98,585,000 after purchasing an additional 215,893 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Valmont Industries by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 537,511 shares of the industrial products company’s stock valued at $84,981,000 after purchasing an additional 6,112 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in shares of Valmont Industries by 27.1% during the third quarter. Fiduciary Management Inc. WI now owns 334,799 shares of the industrial products company’s stock valued at $52,932,000 after purchasing an additional 71,399 shares in the last quarter. 85.73% of the stock is currently owned by hedge funds and other institutional investors.
Valmont Industries (NYSE:VMI) opened at $157.10 on Wednesday. Valmont Industries has a 12-month low of $140.90 and a 12-month high of $176.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. The stock has a market capitalization of $3,590.10, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98.
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Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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