Royce Associates Lp Lowers stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Royce Associates Lp reduced its stake in Valmont Industries by 9.58% during the most recent quarter end. The investment management company now holds a total of 820,585 shares of Valmont Industries which is valued at $106,914,020 after selling 86,900 shares in Valmont Industries , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Valmont Industries makes up approximately 0.67% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan reduced its stake in VMI by selling 67,724 shares or 39.84% in the most recent quarter. The Hedge Fund company now holds 102,250 shares of VMI which is valued at $13,322,153. Valmont Industries makes up approx 0.72% of Feltz Wealth Plan’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in VMI in the latest quarter, The investment management firm added 6,063 additional shares and now holds a total of 28,527 shares of Valmont Industries which is valued at $3,704,516. Valmont Industries makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Yacktman Asset Management Lp reduced its stake in VMI by selling 2,200 shares or 55.0% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of VMI which is valued at $234,648.Rothschild Investment Corp Il reduced its stake in VMI by selling 35 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 2,035 shares of VMI which is valued at $267,196. Valmont Industries makes up approx 0.03% of Rothschild Investment Corp Il’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.

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