Natixis Advisors LLC Sells 7,039 Shares of Valmont Industries, Inc. $VMI

Natixis Advisors LLC reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,718 shares of the industrial products company’s stock after selling 7,039 shares during the quarter. Natixis Advisors LLC’s holdings in Valmont Industries were worth $42,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Impact Partnership Wealth LLC grew its position in shares of Valmont Industries by 38.3% during the 4th quarter. Impact Partnership Wealth LLC now owns 1,116 shares of the industrial products company’s stock worth $449,000 after buying an additional 309 shares during the period. Norges Bank acquired a new position in shares of Valmont Industries during the 4th quarter worth about $99,799,000. Rothschild Investment LLC grew its position in shares of Valmont Industries by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after buying an additional 30 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Valmont Industries by 14.0% during the 4th quarter. Jupiter Asset Management Ltd. now owns 37,449 shares of the industrial products company’s stock worth $15,066,000 after buying an additional 4,612 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Valmont Industries by 8.1% during the 4th quarter. Intech Investment Management LLC now owns 11,603 shares of the industrial products company’s stock worth $4,668,000 after buying an additional 869 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the sale, the director owned 112,309 shares in the company, valued at approximately $55,294,213.06. The trade was a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VMI shares. Stifel Nicolaus boosted their target price on Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. DA Davidson boosted their target price on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $525.25.

Valmont Industries Trading Up 0.8%

NYSE VMI opened at $548.07 on Thursday. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.25 and a beta of 1.34. The stock’s 50 day moving average price is $469.48 and its two-hundred day moving average price is $443.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. Valmont Industries, Inc. has a 52 week low of $316.56 and a 52 week high of $548.90.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating the consensus estimate of $4.72 by $0.79. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.32 EPS. As a group, analysts anticipate that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th will be paid a $0.77 dividend. The ex-dividend date is Friday, June 26th. This represents a $3.08 annualized dividend and a yield of 0.6%. Valmont Industries’s payout ratio is presently 17.10%.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.