Heartland Advisors Inc buys $34,790,579 stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Heartland Advisors Inc scooped up 278,890 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 May 3, 2016. The investment management firm now holds a total of 1,664,621 shares of MDU Resources Group Inc which is valued at $34,790,579.MDU Resources Group Inc makes up approximately 1.82% of Heartland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in MDU in the latest quarter, The investment management firm added 2,650 additional shares and now holds a total of 65,080 shares of MDU Resources Group Inc which is valued at $1,360,172. MDU Resources Group Inc makes up approx 0.09% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Rhumbline Advisers boosted its stake in MDU in the latest quarter, The investment management firm added 7,091 additional shares and now holds a total of 296,921 shares of MDU Resources Group Inc which is valued at $6,205,649. MDU Resources Group Inc makes up approx 0.02% of Rhumbline Advisers’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in MDU in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 96,440 shares of MDU Resources Group Inc which is valued at $1,934,586. MDU Resources Group Inc makes up approx 0.03% of Nisa Investment Advisors L.l.c.’s portfolio.First Manhattan Co boosted its stake in MDU in the latest quarter, The investment management firm added 34,500 additional shares and now holds a total of 267,525 shares of MDU Resources Group Inc which is valued at $5,238,140. MDU Resources Group Inc makes up approx 0.03% of First Manhattan Co’s portfolio.

MDU Resources Group Inc opened for trading at $20.9 and hit $21.14 on the upside on Tuesday, eventually ending the session at $21.12, with a gain of 1.39% or 0.29 points. The heightened volatility saw the trading volume jump to 8,01,604 shares. Company has a market cap of $4,125 M.

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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