Pioneer Trust Bank N Aor Lowers stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Pioneer Trust Bank N Aor reduced its stake in Valmont Industries by 5.72% during the most recent quarter end. The investment management company now holds a total of 52,548 shares of Valmont Industries which is valued at $6,382,480 after selling 3,188 shares in Valmont Industries , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Valmont Industries makes up approximately 4.00% of Pioneer Trust Bank N Aor’s portfolio.

Valmont Industries closed down -0.18 points or -0.15% at $121.28 with 1,74,347 shares getting traded on Monday. Post opening the session at $121.61, the shares hit an intraday low of $120.23 and an intraday high of $121.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in VMI in the latest quarter, The investment management firm added 298 additional shares and now holds a total of 7,718 shares of Valmont Industries which is valued at $937,428. Valmont Industries makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.F&v Capital Management reduced its stake in VMI by selling 665 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 13,100 shares of VMI which is valued at $1,591,126. Valmont Industries makes up approx 1.23% of F&v Capital Management’s portfolio.Baker Boyer National Bank boosted its stake in VMI in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 4,500 shares of Valmont Industries which is valued at $546,570. Valmont Industries makes up approx 2.54% of Baker Boyer National Bank’s portfolio. Integrated Investment Consultants added VMI to its portfolio by purchasing 925 company shares during the most recent quarter which is valued at $112,351. Valmont Industries makes up approx 0.06% of Integrated Investment Consultants’s portfolio.

On the company’s financial health, Valmont Industries reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 21, 2015. Analyst had a consensus of $1.36. The company had revenue of $632.58 million for the quarter, compared to analysts expectations of $661.60 million. The company’s revenue was down -17.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.92 EPS.

Many Wall Street Analysts have commented on Valmont Industries. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Neutral” and Lowered the Price Target to $ 118 from a previous price target of $121 .

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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