Valmont Industries Inc. (NYSE:VMI) does about 100.39K shares in volume on a normal day but saw 210954 shares change hands in Friday trading. The company now has a market cap of 6.97B USD. Its current market price is $325.93, marking an increase of 0.03% compared to the previous close of $325.82. The 52 week high reached by this stock is $353.36 whilst the lowest price level in 52 weeks is $205.67. The script in recent trading has seen the stock touch a high of $333.14 and a low of $324.95.
Valmont Industries Inc. (VMI) has a 20-day trading average at $323.85 and the current price is -7.76% off the 52-week high compared with 58.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $327.16 and its 200-day simple moving average is $286.86. If we look at the stock’s price movements over the week, volatility stands at 2.67%, which decreases to 2.65% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.72 to suggest the stock is neutral.
The consensus objective for the share price is $336.50, suggesting that the stock has a potential upside of 3.14% over the period. The median price target is 3.43% away from the current levels at $337.50.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 15, 2022 when Northcoast initiated the stock to “Buy” and issued a price target of $300. Boenning & Scattergood upgraded its price target at $350.
The current price level is 0.64%, -0.41%, and 13.77% away from its SMA20, SMA50, and SMA200 respectively, with the VMI price moving above the 50-day SMA on February 17. Valmont Industries Inc. (VMI) stock is up 2.73% over the week and 2.15% over the past month. Its price is -1.43% year-to-date and 45.21% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $3.49 above consensus estimates by $0.08. The company’s next earnings report is expected on 04/19/2023, with forecasts estimating quarterly EPS at $3.54 and $13.82 for whole year. VMI’s earnings per share are forecast to grow by 26.60% this year and 12.50% over next year. Expected sales for next quarter are $1.05 billion, which analysts say will come at $4.27 billion for the current fiscal year and next year at $4.57 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.06 billion.
To reach the target analysts have set, the stock logically needs to grow 3.14 percent from here.
Outstanding shares total 21.33M with insiders holding 2.26% of the shares and institutional holders owning 97.39% of the company’s common stock. The company has a return on investment of 9.60% and return on equity of 16.20%. The price to earnings ratio (P/E ratio) amounts to 29.58 while the forward price to earnings ratio is 20.97. The beta has a value of 1.07. Price to book ratio is 4.60 and price to sales ratio is 1.67.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Mid Cap ETF has reduced its position in Valmont Industries Inc. (VMI) to 663,071 shares, mirroring a recent drop by -0.19%. iShares Core S&P Mid Cap ETF dumped 1260.0 shares of Valmont Industries Inc. common stock bringing its total worth to about $218.63 million at the end of recent close, SEC documents show. iShares Core S&P Mid Cap ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 4670.0 shares to end up with 653,691 shares worth $215.54 million. Neuberger Berman Genesis Fund cut their holdings by -0.74% in the company over the course of the most recent quarter. It now holds a 2.97% position in Valmont Industries Inc. thanks to 0.63 million shares amounting to $208.96 million.
