Baker Boyer National Bank buys $699,435 stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Baker Boyer National Bank scooped up 1,000 additional shares in Valmont Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 5,500 shares of Valmont Industries which is valued at $699,435.Valmont Industries makes up approximately 2.90% of Baker Boyer National Bank’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in VMI by selling 3,055 shares or 26.3% in the most recent quarter. The Hedge Fund company now holds 8,559 shares of VMI which is valued at $1,088,448. Valmont Industries makes up approx 0.01% of Creative Planning’s portfolio. Cutler Group Lp added VMI to its portfolio by purchasing 190 company shares during the most recent quarter which is valued at $24,510.Oregon Public Employees Retirement Fund reduced its stake in VMI by selling 2,344 shares or 22.53% in the most recent quarter. The Hedge Fund company now holds 8,059 shares of VMI which is valued at $1,039,611. Valmont Industries makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in VMI by selling 7,075 shares or 71.9% in the most recent quarter. The Hedge Fund company now holds 2,765 shares of VMI which is valued at $361,303.

Valmont Industries closed down -1.83 points or -1.42% at $127.17 with 1,50,567 shares getting traded on Tuesday. Post opening the session at $128.19, the shares hit an intraday low of $126.5 and an intraday high of $128.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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