Natixis Advisors LLC Has $22.60 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Natixis Advisors LLC decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,198 shares of the industrial products company’s stock after selling 4,200 shares during the quarter. Natixis Advisors LLC owned approximately 0.39% of Valmont Industries worth $22,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd lifted its holdings in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after buying an additional 123 shares in the last quarter. Quarry LP increased its position in Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 162 shares during the period. GAMMA Investing LLC raised its stake in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 102 shares in the last quarter. Signaturefd LLC boosted its holdings in Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 52 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Valmont Industries during the 1st quarter worth approximately $90,000. 87.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VMI has been the subject of several recent research reports. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. DA Davidson upped their target price on Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus boosted their price target on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research note on Monday, July 21st.

Valmont Industries Price Performance

VMI stock opened at $358.64 on Friday. The company has a market capitalization of $7.20 billion, a P/E ratio of 33.39 and a beta of 1.12. The company has a fifty day moving average price of $333.59 and a 200-day moving average price of $320.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.91 EPS. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.8%. Valmont Industries’s dividend payout ratio (DPR) is currently 25.33%.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.