The Valspar Corp (VAL) : North Point Portfolio Managers Corpoh reduced its stake in The Valspar Corp by 0.54% during the most recent quarter end. The investment management company now holds a total of 150,225 shares of The Valspar Corp which is valued at $16,027,505 after selling 819 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.The Valspar Corp makes up approximately 3.08% of North Point Portfolio Managers Corpoh’s portfolio.
The Valspar Corp opened for trading at $106.72 and hit $107.08 on the upside on Monday, eventually ending the session at $106.92, with a gain of 0.22% or 0.23 points. The heightened volatility saw the trading volume jump to 5,83,162 shares. Company has a market cap of $8,456 M.
Other Hedge Funds, Including , Dearborn Partners boosted its stake in VAL in the latest quarter, The investment management firm added 10,413 additional shares and now holds a total of 219,931 shares of The Valspar Corp which is valued at $23,484,232. The Valspar Corp makes up approx 2.17% of Dearborn Partners’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. The Valspar Corp makes up approx 3.41% of Dividend Asset Capital’s portfolio. Benjamin F. Edwards Company sold out all of its stake in VAL during the most recent quarter. The investment firm sold 25 shares of VAL which is valued $2,676.
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.