Arlington Value Capital adds Valmont Industries (VMI) to its portfolio

Valmont Industries (VMI) : Arlington Value Capital added new position in Valmont Industries during the most recent quarter end. The investment management firm now holds 20,760 shares of Valmont Industries which is valued at $2,702,122 , the company said in a statement filed on Aug 15, 2016 with the SEC.Valmont Industries makes up approximately 0.28% of Arlington Value Capital’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec boosted its stake in VMI in the latest quarter, The investment management firm added 6,500 additional shares and now holds a total of 40,000 shares of Valmont Industries which is valued at $5,206,400. Valmont Industries makes up approx 0.01% of Caisse De Depot Et Placement Du Quebec’s portfolio.Thrivent Financial For Lutherans boosted its stake in VMI in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 3,220 shares of Valmont Industries which is valued at $419,115.Westport Resources Management Inc reduced its stake in VMI by selling 585 shares or 74.52% in the most recent quarter. The Hedge Fund company now holds 200 shares of VMI which is valued at $26,032. Valmont Industries makes up approx 0.01% of Westport Resources Management Inc’s portfolio.Blackrock Group Ltd boosted its stake in VMI in the latest quarter, The investment management firm added 1,126 additional shares and now holds a total of 15,738 shares of Valmont Industries which is valued at $2,048,458.Shell Asset Management Co reduced its stake in VMI by selling 4,873 shares or 50.48% in the most recent quarter. The Hedge Fund company now holds 4,780 shares of VMI which is valued at $626,323. Valmont Industries makes up approx 0.01% of Shell Asset Management Co’s portfolio.

Valmont Industries closed down -0.49 points or -0.38% at $129.98 with 70,791 shares getting traded on Thursday. Post opening the session at $130.29, the shares hit an intraday low of $128.97 and an intraday high of $131.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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