Valmont Industries (VMI) : Feltz Wealth Plan reduced its stake in Valmont Industries by 39.84% during the most recent quarter end. The investment management company now holds a total of 102,250 shares of Valmont Industries which is valued at $13,322,153 after selling 67,724 shares in Valmont Industries , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Valmont Industries makes up approximately 0.72% of Feltz Wealth Plan’s portfolio.
Other Hedge Funds, Including , Zwj Investment Counsel Inc reduced its stake in VMI by selling 523 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 80,450 shares of VMI which is valued at $10,481,831. Valmont Industries makes up approx 1.05% of Zwj Investment Counsel Inc’s portfolio.First National Bank Of Omaha reduced its stake in VMI by selling 400 shares or 8.0% in the most recent quarter. The Hedge Fund company now holds 4,600 shares of VMI which is valued at $631,212. Valmont Industries makes up approx 0.05% of First National Bank Of Omaha’s portfolio.
Valmont Industries opened for trading at $130.4 and hit $131.6836 on the upside on Monday, eventually ending the session at $131.05, with a gain of 0.68% or 0.89 points. The heightened volatility saw the trading volume jump to 87,171 shares. Company has a market cap of $2,967 M.
On the company’s financial health, Valmont Industries reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.73. The company had revenue of $640.25 million for the quarter, compared to analysts expectations of $648.54 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.61 EPS.
Valmont Industries Inc. is a diversified producer of fabricated metal products. The Company is also a producer of steel aluminum and composite pole tower and other structures. It operates in four segments: Engineered Infrastructure Products which consists of the manufacture and distribution of engineered metal and composite structures and components for lighting and traffic Wireless communication offshore structures roadway and access systems applications; Utility Support Structures which consists of the manufacture of steel and concrete structures for the utility industry; Coatings which consists of galvanizing anodizing and coating services and Irrigation which consists of the manufacture of agricultural irrigation equipment and related parts and services for the agricultural industry. Its other activities include the manufacture of steel grinding media for the mining industry tubular products for industrial customers and the distribution of industrial fasteners.