Natixis Advisors LLC Buys 1,399 Shares of Valmont Industries, Inc. (NYSE:VMI)

Natixis Advisors LLC grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,398 shares of the industrial products company's stock after buying an additional 1,399 shares during the period. Natixis Advisors LLC owned 0.42% of Valmont Industries worth $25,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Foundry Partners LLC bought a new stake in Valmont Industries during the 3rd quarter worth approximately $4,158,000. Covea Finance grew its position in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock valued at $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valmont Industries in the third quarter worth $466,000. De Lisle Partners LLP raised its position in shares of Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock worth $5,454,000 after buying an additional 5,800 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after buying an additional 19,096 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

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Valmont Industries Price Performance

Shares of VMI traded down $40.89 during midday trading on Friday, reaching $285.69. The stock had a trading volume of 630,165 shares, compared to its average volume of 139,826. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 16.63 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company's 50-day moving average is $332.53 and its 200 day moving average is $318.77.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the prior year, the firm earned $3.18 earnings per share. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. William Blair lowered shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.

Valmont Industries Profile

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.