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Investing.com - Stifel has reiterated its Buy rating on Valmont Industries (NYSE:VMI) stock, maintaining its $400.00 price target following meetings with company executives. The company, currently trading at $363.84, has shown strong momentum with a 29.46% return over the past year. According to InvestingPro data, the stock is currently trading near its Fair Value.
The investment firm hosted Valmont’s CFO Tom Liguori and Treasurer and SVP IR Renee Campbell for investor meetings in Chicago on Thursday, according to a research note published Friday.
Stifel expressed "increased confidence in the long term growth trajectory and margin expansion opportunities for the company" following these discussions with management.
The research note highlighted that Valmont’s growth is expected to be "driven primarily in the utility business," with potential upside from "any cyclical recovery in North America irrigation."
Stifel also noted that Valmont remains "in control of its own destiny on margins," with productivity improvements and volume leverage identified as key factors that could drive margin expansion for the company.
In other recent news, Valmont Industries reported its second-quarter 2025 earnings, surpassing market expectations with an adjusted earnings per share of $4.88, compared to the forecasted $4.71. The company’s revenue also exceeded predictions, reaching $1.05 billion against an anticipated $1.03 billion. Stifel reiterated its Buy rating on Valmont Industries’ stock and maintained a price target of $400, following the company’s strong performance across multiple segments, including Utility, Telecom (BCBA:TECO2m), and International Agriculture. Additionally, DA Davidson raised its price target for Valmont Industries from $325 to $400, citing the company’s three-to-four-year potential as a basis for the increase. However, DA Davidson maintained a Neutral rating on the stock. Valmont Industries also announced a quarterly dividend of $0.68 per share, payable on October 15, 2025, to shareholders of record on September 26, 2025. This dividend represents an annual rate of $2.72 per share. These developments reflect the company’s ongoing financial strength and market performance.
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