Natixis Advisors LLC Cuts Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Key Points

• Natixis Advisors LLC reduced its stake in Valmont Industries by 5.0%, now holding approximately 79,198 shares worth $22.60 million.
• Valmont Industries reported better-than-expected earnings for the last quarter, with an EPS of $4.88 exceeding analyst estimates of $4.78.
• The company declared a quarterly dividend of $0.68, representing an annual yield of 0.8%, to be paid on October 15th.

Natixis Advisors LLC lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,198 shares of the industrial products company's stock after selling 4,200 shares during the period. Natixis Advisors LLC owned approximately 0.39% of Valmont Industries worth $22,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Beverly Hills Private Wealth LLC grew its stake in shares of Valmont Industries by 3.8% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock valued at $334,000 after buying an additional 43 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Valmont Industries by 2.0% in the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock valued at $757,000 after purchasing an additional 51 shares during the period. Signaturefd LLC boosted its holdings in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 52 shares during the period. TBH Global Asset Management LLC lifted its holdings in Valmont Industries by 1.5% during the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock worth $1,126,000 after buying an additional 58 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Valmont Industries by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock worth $669,000 after buying an additional 60 shares during the period. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

VMI traded up $1.22 on Tuesday, reaching $366.81. The company had a trading volume of 51,482 shares, compared to its average volume of 160,216. The stock has a 50-day moving average price of $334.64 and a 200-day moving average price of $320.93. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.24 billion, a PE ratio of 34.15 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $4.91 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's dividend payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson increased their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday.

Valmont Industries Company 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.