Makaira Partners Lowers stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Makaira Partners reduced its stake in Valmont Industries by 21.0% during the most recent quarter end. The investment management company now holds a total of 676,447 shares of Valmont Industries which is valued at $89.2 Million after selling 179,772 shares in Valmont Industries , the firm said in a disclosure report filed with the SEC on May 13, 2016.Valmont Industries makes up approximately 14.39% of Makaira Partners’s portfolio.

Other Hedge Funds, Including , Epoch Investment Partners reduced its stake in VMI by selling 3 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 12,925 shares of VMI which is valued at $1.7 Million. Valmont Industries makes up approx 0.01% of Epoch Investment Partners’s portfolio.Canada Pension Plan Investment Board boosted its stake in VMI in the latest quarter, The investment management firm added 70,834 additional shares and now holds a total of 72,034 shares of Valmont Industries which is valued at $9.5 Million. Valmont Industries makes up approx 0.04% of Canada Pension Plan Investment Board’s portfolio.Blackrock Investment Management reduced its stake in VMI by selling 765 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 66,088 shares of VMI which is valued at $8.7 Million. Valmont Industries makes up approx 0.01% of Blackrock Investment Management’s portfolio.Ibm Retirement Fund reduced its stake in VMI by selling 3,072 shares or 56.44% in the most recent quarter. The Hedge Fund company now holds 2,371 shares of VMI which is valued at $312,664. Valmont Industries makes up approx 0.01% of Ibm Retirement Fund’s portfolio.Airain Ltd boosted its stake in VMI in the latest quarter, The investment management firm added 1,506 additional shares and now holds a total of 4,774 shares of Valmont Industries which is valued at $629,547. Valmont Industries makes up approx 0.04% of Airain Ltd’s portfolio.

Valmont Industries opened for trading at $134.68 and hit $136.09 on the upside on Wednesday, eventually ending the session at $135.84, with a gain of 1.53% or 2.05 points. The heightened volatility saw the trading volume jump to 1,57,556 shares. Company has a market cap of $3,082 M.

On the company’s financial health, Valmont Industries reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.25. The company had revenue of $596.60 million for the quarter, compared to analysts expectations of $618.56 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.28 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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