Valmont Industries, Inc. (NYSE:VMI) Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 14.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 81,999 shares of the industrial products company's stock after acquiring an additional 10,379 shares during the quarter. Natixis Advisors LLC owned about 0.41% of Valmont Industries worth $23,776,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. boosted its holdings in Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Valmont Industries during the 3rd quarter valued at $39,000. Quarry LP raised its stake in shares of Valmont Industries by 268.0% in the second quarter. Quarry LP now owns 184 shares of the industrial products company's stock valued at $50,000 after buying an additional 134 shares during the period. Finally, Versant Capital Management Inc purchased a new position in Valmont Industries in the 2nd quarter valued at approximately $52,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Down 0.0 %

VMI traded down $0.12 on Tuesday, hitting $340.13. The company had a trading volume of 23,445 shares, compared to its average volume of 153,800. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 23.11 and a beta of 1.02. The stock has a fifty day moving average price of $304.97 and a 200-day moving average price of $283.07. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $352.57.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned $4.12 earnings per share. Valmont Industries's revenue for the quarter was down 2.9% on a year-over-year basis. Analysts predict that Valmont Industries, Inc. will post 16.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Valmont Industries's dividend payout ratio (DPR) is presently 16.30%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,000 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $316.48, for a total transaction of $5,380,160.00. Following the transaction, the director now directly owns 154,730 shares of the company's stock, valued at approximately $48,968,950.40. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP R Andrew Massey sold 3,977 shares of Valmont Industries stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $315.00, for a total transaction of $1,252,755.00. Following the completion of the sale, the vice president now directly owns 9,408 shares in the company, valued at approximately $2,963,520. The trade was a 29.71 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on VMI shares. Stifel Nicolaus raised their price target on Valmont Industries from $350.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, October 24th. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 12th. Finally, DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a "buy" rating in a research note on Thursday, October 24th.

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.