The Valspar Corp (VAL) : Accredited Investors scooped up 1,137 additional shares in The Valspar Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 23,554 shares of The Valspar Corp which is valued at $2.5 Million.The Valspar Corp makes up approximately 0.65% of Accredited Investors’s portfolio.
Other Hedge Funds, Including , Trexquant Investment Lp sold out all of its stake in VAL during the most recent quarter. The investment firm sold 3,672 shares of VAL which is valued $392,500. Cowen Prime Services added VAL to its portfolio by purchasing 7,950 company shares during the most recent quarter which is valued at $849,776. The Valspar Corp makes up approx 0.41% of Cowen Prime Services’s portfolio.Profund Advisors boosted its stake in VAL in the latest quarter, The investment management firm added 721 additional shares and now holds a total of 9,471 shares of The Valspar Corp which is valued at $1 Million. The Valspar Corp makes up approx 0.05% of Profund Advisors’s portfolio. Checchi Capital Advisers added VAL to its portfolio by purchasing 587 company shares during the most recent quarter which is valued at $62,727. The Valspar Corp makes up approx 0.02% of Checchi Capital Advisers’s portfolio.
The Valspar Corp closed down -0.06 points or -0.06% at $106.87 with 8,68,302 shares getting traded on Friday. Post opening the session at $107, the shares hit an intraday low of $106.78 and an intraday high of $107.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, The Valspar Corp 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 The Valspar Corp. The Valspar Corp 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 .The Valspar Corp 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.