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Investing.com - Stifel maintained its Buy rating and $400.00 price target on Valmont Industries (NYSE:VMI) despite signs of weakening demand in the irrigation sector. The stock, currently trading at $414.53 and near its 52-week high, has shown remarkable strength with a 46.4% return over the past six months. According to InvestingPro analysis, the company maintains a "GREAT" financial health score.
The investment firm’s recent survey of 50 Valley irrigation dealers revealed deteriorating sentiment compared to its previous quarterly assessment, with dealers now projecting a 2.5% year-over-year volume decline over the next twelve months, worse than the 1.6% drop forecasted in the prior survey. Despite these challenges, InvestingPro data shows the company has maintained dividend payments for 47 consecutive years, demonstrating long-term resilience.
Third-quarter 2025 domestic volume performed below expectations, falling 4.2% year-over-year compared to the anticipated 2.0% decline dealers had predicted three months earlier, while volume expectations for the next three months indicate a 2.7% year-over-year decrease.
Pricing power has also diminished, with dealers reporting just a 120 basis point year-over-year price increase, down significantly from the 250 basis point increase noted in the previous quarterly survey.
Low crop prices remain the primary factor affecting dealer demand outlook, cited by 80% of dealers compared to 64% in the prior survey, with interest rates and inflation ranking as secondary concerns.
In other recent news, Valmont Industries reported its Q2 2025 earnings, highlighting a modest year-over-year increase in net sales. The company also noted a significant improvement in adjusted earnings per share (EPS). Despite these positive financial results, Valmont Industries experienced a slight decline in premarket trading. This reflects investor concerns over the company’s strategic shifts and future guidance. The stock had closed at $397.39, marking a 1.22% increase from the previous day, before dipping 2.37% in premarket to $387.98. These developments are part of the ongoing financial performance and strategic adjustments at Valmont Industries.
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