Valmont Industries, Inc. (VMI) To Go Ex-Dividend on March 27th

Valmont Industries, Inc. (NYSE:VMI) declared a quarterly dividend on Monday, February 23rd. Investors of record on Friday, March 27th will be paid a dividend of 0.77 per share by the industrial products company on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, March 27th. This is a 13.2% increase from Valmont Industries’s previous quarterly dividend of $0.68.

Valmont Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Valmont Industries has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Valmont Industries to earn $19.95 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 15.4%.

Valmont Industries Stock Up 1.4%

VMI stock opened at $404.12 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.35 and a quick ratio of 1.58. Valmont Industries has a 1-year low of $250.07 and a 1-year high of $487.58. The firm has a fifty day moving average price of $443.74 and a two-hundred day moving average price of $417.33. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 24.03 and a beta of 1.19.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, February 17th. The industrial products company reported $4.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.95 by ($0.03). Valmont Industries had a return on equity of 23.82% and a net margin of 8.53%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $3.84 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Valmont Industries has set its FY 2026 guidance at 20.500-23.500 EPS. Research analysts predict that Valmont Industries will post 18.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VMI. Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. upped their target price on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. DA Davidson increased their price target on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Stifel Nicolaus raised their price target on Valmont Industries from $492.00 to $501.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $487.00.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.