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

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

Other large investors have also recently modified their holdings of the company. Swiss National Bank boosted its holdings in Valmont Industries by 0.5% in the 4th quarter. Swiss National Bank now owns 39,700 shares of the industrial products company’s stock worth $12,175,000 after buying an additional 200 shares during the period. AGF Management Ltd. bought a new position in shares of Valmont Industries in the fourth quarter worth $4,769,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Valmont Industries by 70.3% in 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 purchasing an additional 19,096 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Valmont Industries by 10.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 9,159 shares of the industrial products company’s stock valued at $2,809,000 after purchasing an additional 901 shares during the period. Finally, AlphaQuest LLC lifted its holdings in Valmont Industries by 14.6% during the 4th quarter. AlphaQuest LLC now owns 3,554 shares of the industrial products company’s stock worth $1,090,000 after purchasing an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

NYSE:VMI opened at $327.21 on Tuesday. The stock has a market cap of $6.57 billion, a P/E ratio of 19.05 and a beta of 0.98. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $331.36 and its two-hundred day moving average price is $318.38. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period last year, the firm posted $3.18 earnings per share. As a group, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, March 28th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMI. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th. Stifel Nicolaus upped their target price 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. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 11th.

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.