Cutter Co Brokerage Lowers stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Cutter Co Brokerage reduced its stake in Valmont Industries by 4.07% during the most recent quarter end. The investment management company now holds a total of 42,681 shares of Valmont Industries which is valued at $5,563,895 after selling 1,810 shares in Valmont Industries , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Valmont Industries makes up approximately 2.37% of Cutter Co Brokerage’s portfolio.

Other Hedge Funds, Including , Mutual Of America Capital Management boosted its stake in VMI in the latest quarter, The investment management firm added 1,666 additional shares and now holds a total of 17,204 shares of Valmont Industries which is valued at $2,242,713. Valmont Industries makes up approx 0.05% of Mutual Of America Capital Management’s portfolio. Id Management As added VMI to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $275,760. Valmont Industries makes up approx 0.08% of Id Management As’s portfolio.Weaver C. Barksdale Associates reduced its stake in VMI by selling 22 shares or 20.75% in the most recent quarter. The Hedge Fund company now holds 84 shares of VMI which is valued at $11,566. Valmont Industries makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.

Valmont Industries opened for trading at $129.82 and hit $131.29 on the upside on Monday, eventually ending the session at $130.46, with a gain of 0.46% or 0.6 points. The heightened volatility saw the trading volume jump to 1,46,455 shares. Company has a market cap of $2,953 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.

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