Farr Miller Washingtondc buys $21,973,804 stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Farr Miller Washingtondc scooped up 1,257 additional shares in Valmont Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 154,094 shares of Valmont Industries which is valued at $21,973,804.Valmont Industries makes up approximately 2.38% of Farr Miller Washingtondc’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in VMI in the latest quarter, The investment management firm added 268 additional shares and now holds a total of 2,088 shares of Valmont Industries which is valued at $297,749.Shufro Rose Co reduced its stake in VMI by selling 360 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 70,289 shares of VMI which is valued at $9,682,310. Valmont Industries makes up approx 1.08% of Shufro Rose Co’s portfolio.Pioneer Trust Bank N Aor reduced its stake in VMI by selling 560 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 50,916 shares of VMI which is valued at $6,423,053. Valmont Industries makes up approx 3.98% of Pioneer Trust Bank N Aor’s portfolio.Mutual Of America Capital Management reduced its stake in VMI by selling 304 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 16,900 shares of VMI which is valued at $2,077,010. Valmont Industries makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.

Valmont Industries closed down -2.3 points or -1.60% at $141.3 with 1,18,703 shares getting traded on Monday. Post opening the session at $143.55, the shares hit an intraday low of $141.2 and an intraday high of $143.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Valmont Industries reported $1.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $1.49. The company had revenue of $610.20 million for the quarter, compared to analysts expectations of $625.90 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.39 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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