Riverhead Capital Management buys $44,041,719 stake in Valmont Industries (VMI)

Valmont Industries (VMI) : Riverhead Capital Management scooped up 334,586 additional shares in Valmont Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 338,366 shares of Valmont Industries which is valued at $44,041,719.Valmont Industries makes up approximately 0.73% of Riverhead Capital Management’s portfolio.

Other Hedge Funds, Including , Bronfman E.l. Rothschild sold out all of its stake in VMI during the most recent quarter. The investment firm sold 15 shares of VMI which is valued $1,952. O’shaughnessy Asset Management added VMI to its portfolio by purchasing 6 company shares during the most recent quarter which is valued at $781.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in VMI by selling 109 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 2,473 shares of VMI which is valued at $322,380.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.Bright Rock Capital Management reduced its stake in VMI by selling 2,000 shares or 19.05% in the most recent quarter. The Hedge Fund company now holds 8,500 shares of VMI which is valued at $1,116,050. Valmont Industries makes up approx 0.35% of Bright Rock Capital Management’s portfolio.

Valmont Industries closed down -0.59 points or -0.44% at $132.69 with 78,305 shares getting traded on Monday. Post opening the session at $133.1, the shares hit an intraday low of $132.43 and an intraday high of $134.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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