Valmont Industries Inc. (NYSE:VMI) saw an upside of 2.85% to close Friday at $252.59 after adding $6.99 on the day. The 5-day average trading volume is 236,920 shares of the company’s common stock. It has gained $253.18 in the past week and touched a new high 3 times within the past 5 days. An average of 226,280 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 204,722.
VMI’s 1-month performance is -9.19% or -$27.38 on its low of $241.13 reached on 08/16/23. The company’s shares have touched a 52-week low of $241.13 and high of $353.36, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, VMI has lost -23.61% or -$78.08 and has reached a new high 3 times. However, the current price is down -28.52% from the 52-week high price.
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Insider Transactions
VMI stock investors last saw insider trading activity on May 02.Freye Theodor Werner (Director) most recently sold 549 shares at $293.00 per share on May 02. This transaction cost the insider $160,857. Group President Infrastructure, Schapper Aaron M, sold 4,033 shares at a price of $309.24 on Mar 14. Then, on Nov 29, President and CEO Kaniewski Stephen G sold 7,290 shares at a price of $327.90 per share. This transaction amounted to $2,390,357.
Valuation Metrics
VMI stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.19 while the price-to-book (PB) in the most recent quarter is 3.29, with the price to cash flow ratio at 18.51.
Valmont Industries Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.59, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 28.20%. The trailing 12-month EBITDA margin is 12.33% while for the period ending June 29, Valmont Industries Inc.’s operating margin was 10.10%. The firm’s gross profit as reported stood at $1.13 billion against revenue of $4.35 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 14.85% to $89.38 million, while revenue of $74.54 million was 16.6% off the previous quarter. Analysts expected VMI to announce $4.11 per share in earnings in its latest quarter, but it posted $4.37, representing a 6.30% surprise. EBITDA for the quarter stood at more than $157.97 million. VMI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.95 billion, with total debt at $1.12 billion. Shareholders hold equity totaling $21.01 million.
Let’s look briefly at Valmont Industries Inc. (VMI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 47.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.36%.
The stock’s 5-day moving average is $245.93, reflecting a +2.61% or $6.43 change from its current price. VMI is currently trading -8.49% above its 20-day SMA, -18.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.34% and SMA200 by-20.87%.
Stochastic %K and %D was 23.43% and 12.92% and the average true range (ATR) pointed at 5.97. The RSI (14) points at 41.68%, while the 14-day stochastic is at 45.57% with the period’s ATR at 6.36. The stock’s 9-day MACD Oscillator is pointing at 0.53 and -3.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Valmont Industries Inc. (NYSE: VMI), Northcoast launched coverage with a Buy rating. Analysts offering their rating for VMI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VMI as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is VMI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $290.00 and a high of $380.00, with their median price target at $334.00. Looking at these predictions, the average price target given by analysts is for Valmont Industries Inc. (VMI) stock is $336.80.
