Montgomery Investment Management Inc buys $5,101,093 stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Montgomery Investment Management Inc scooped up 40,915 additional shares in MDU Resources Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 216,515 shares of MDU Resources Group Inc which is valued at $5,101,093.MDU Resources Group Inc makes up approximately 2.43% of Montgomery Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments sold out all of its stake in MDU during the most recent quarter. The investment firm sold 37,979 shares of MDU which is valued $894,785. Los Angeles Capital Management Equity Research Inc added MDU to its portfolio by purchasing 14,285 company shares during the most recent quarter which is valued at $332,698.Louisiana State Employees Retirement System reduced its stake in MDU by selling 2,300 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 51,900 shares of MDU which is valued at $1,243,005. MDU Resources Group Inc makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.Huntington National Bank reduced its stake in MDU by selling 2,977 shares or 30.92% in the most recent quarter. The Hedge Fund company now holds 6,651 shares of MDU which is valued at $159,291.

MDU Resources Group Inc closed down -0.12 points or -0.51% at $23.43 with 6,35,125 shares getting traded on Friday. Post opening the session at $23.48, the shares hit an intraday low of $23.32 and an intraday high of $23.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, MDU Resources Group Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $1062.50 million for the quarter, compared to analysts expectations of $1139.90 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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