Natixis Lowers Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Natixis lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,342 shares of the industrial products company’s stock after selling 272 shares during the quarter. Natixis’ holdings in Valmont Industries were worth $306,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norden Group LLC increased its stake in Valmont Industries by 1,353.5% in the 1st quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after buying an additional 21,995 shares during the period. Wambolt & Associates LLC increased its stake in shares of Valmont Industries by 24.2% during the fourth quarter. Wambolt & Associates LLC now owns 3,485 shares of the industrial products company’s stock worth $814,000 after acquiring an additional 679 shares during the period. Congress Asset Management Co. MA raised its holdings in Valmont Industries by 10.6% during the first quarter. Congress Asset Management Co. MA now owns 145,043 shares of the industrial products company’s stock worth $33,110,000 after purchasing an additional 13,941 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in Valmont Industries by 11.7% in the first quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock valued at $6,317,000 after purchasing an additional 2,909 shares during the period. Finally, Robeco Schweiz AG boosted its holdings in Valmont Industries by 65.2% in the 4th quarter. Robeco Schweiz AG now owns 150,855 shares of the industrial products company’s stock valued at $35,226,000 after purchasing an additional 59,524 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMI has been the subject of a number of analyst reports. StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th. DA Davidson increased their price objective on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Valmont Industries currently has an average rating of “Moderate Buy” and an average target price of $332.50.

Valmont Industries Trading Up 1.0 %

Shares of Valmont Industries stock opened at $302.51 on Friday. The company has a 50-day moving average of $267.66 and a two-hundred day moving average of $240.23. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $307.67. The company has a current ratio of 2.53, a quick ratio of 1.65 and a debt-to-equity ratio of 0.69. The stock has a market cap of $6.11 billion, a PE ratio of 39.86 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.08. The firm had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. Valmont Industries’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the business posted $3.54 EPS. On average, research analysts anticipate that Valmont Industries, Inc. will post 16.9 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, June 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

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.