VALSPAR CORP COM (VAL) : Albion Financial Group Ut reduced its stake in VALSPAR CORP COM by 0.28% during the most recent quarter end. The investment management company now holds a total of 1,217,016 shares of VALSPAR CORP COM which is valued at $129,952,968 after selling 3,395 shares in VALSPAR CORP COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.VALSPAR CORP COM makes up approximately 21.34% of Albion Financial Group Ut’s portfolio.
VALSPAR CORP COM closed down -0.03 points or -0.03% at $106.63 with 4,57,793 shares getting traded on Wednesday. Post opening the session at $106.7, the shares hit an intraday low of $106.56 and an intraday high of $106.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in VAL in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 400 shares of VALSPAR CORP COM which is valued at $42,712. VALSPAR CORP COM makes up approx 0.01% of Advisory Services Network’s portfolio.Dividend Asset Capital reduced its stake in VAL by selling 14,386 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 1,150,096 shares of VAL which is valued at $122,807,251. VALSPAR CORP COM makes up approx 3.41% of Dividend Asset Capital’s portfolio. Highland Capital Management sold out all of its stake in VAL during the most recent quarter. The investment firm sold 16,459 shares of VAL which is valued $1,761,771.Rowland Co Investment Counseladv reduced its stake in VAL by selling 360 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 11,605 shares of VAL which is valued at $1,242,199. VALSPAR CORP COM makes up approx 0.58% of Rowland Co Investment Counseladv’s portfolio. Triangle Securities Wealth Management added VAL to its portfolio by purchasing 2,304 company shares during the most recent quarter which is valued at $245,537. VALSPAR CORP COM makes up approx 0.16% of Triangle Securities Wealth Management’s portfolio.
On the company’s financial health, VALSPAR CORP COM reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.65. The company had revenue of $885.80 million for the quarter, compared to analysts expectations of $906.32 million. The company’s revenue was down -12.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
Many Wall Street Analysts have commented on VALSPAR CORP COM. VALSPAR CORP COM was Downgraded by Longbow to ” Neutral” on Mar 22, 2016. Company shares were Downgraded by Deutsche Bank on Mar 21, 2016 to ” Hold”, Firm has raised the Price Target to $ 113 from a previous price target of $92 .VALSPAR CORP COM was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 8, 2016.
The Valspar Corporation is engaged in developing manufacturing and distributing a range of coatings paints and related products. The Company operates through two business segments: Coatings and Paints. The Coatings segment includes the Company’s industrial product lines and packaging product line. The Company offers a range of decorative and protective coatings for metal wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Asia Australia Europe North America and South America. The Paints segment includes the Company’s consumer paints and automotive paint refinish product lines. The Company offers a range of paints primers topcoats and aerosol spray paints through retailers distribution networks and Company-owned stores.