Natixis Advisors L.P. Buys New Position in Valmont Industries, Inc. (NYSE:VMI)

Natixis Advisors L.P. purchased a new stake in Valmont Industries, Inc. (NYSE:VMIFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,103 shares of the industrial products company’s stock, valued at approximately $3,993,000. Natixis Advisors L.P. owned approximately 0.08% of Valmont Industries as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Treasurer of the State of North Carolina boosted its stake in shares of Valmont Industries by 0.6% during the 3rd quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock valued at $2,188,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC boosted its position in Valmont Industries by 37.3% during the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 56 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of Valmont Industries by 1.6% during the 4th quarter. D.B. Root & Company LLC now owns 3,795 shares of the industrial products company’s stock worth $886,000 after acquiring an additional 58 shares during the period. Alliance Wealth Advisors LLC UT raised its position in shares of Valmont Industries by 3.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 1,889 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 68 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Valmont Industries by 19.5% in the 4th quarter. Fifth Third Bancorp now owns 454 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 74 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Trading Up 1.9 %

NYSE VMI opened at $260.25 on Friday. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $303.57. The company has a current ratio of 2.64, a quick ratio of 1.65 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average price is $221.00 and its 200-day moving average price is $220.96. The stock has a market cap of $5.25 billion, a P/E ratio of 34.29 and a beta of 1.05.

Valmont Industries (NYSE:VMIGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $3.24 by $1.08. The company had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. Valmont Industries’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.54 EPS. As a group, equities analysts forecast that Valmont Industries, Inc. will post 16 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.60 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 0.92%. Valmont Industries’s payout ratio is currently 31.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VMI shares. StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. Stifel Nicolaus reissued a “buy” rating and set a $249.00 price target on shares of Valmont Industries in a research report on Monday, March 25th. Finally, DA Davidson cut their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus target price of $262.00.

View Our Latest Stock Report on VMI

About Valmont Industries

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.