Halcyon Management Partners Lp adds The Valspar Corp (VAL) to its portfolio

The Valspar Corp (VAL) : Halcyon Management Partners Lp added new position in The Valspar Corp during the most recent quarter end. The investment management firm now holds 287,943 shares of The Valspar Corp which is valued at $30,392,384 , the company said in a statement filed on Aug 15, 2016 with the SEC.The Valspar Corp makes up approximately 9.16% of Halcyon Management Partners Lp’s portfolio.

Other Hedge Funds, Including , Lpl Financial boosted its stake in VAL in the latest quarter, The investment management firm added 3,436 additional shares and now holds a total of 5,930 shares of The Valspar Corp which is valued at $625,912. The Valspar Corp makes up approx 0.01% of Lpl Financial’s portfolio.Wespac Advisors Socal reduced its stake in VAL by selling 300 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 7,911 shares of VAL which is valued at $835,006. The Valspar Corp makes up approx 0.53% of Wespac Advisors Socal’s portfolio. Seven Eight Capital added VAL to its portfolio by purchasing 20,370 company shares during the most recent quarter which is valued at $2,150,054. The Valspar Corp makes up approx 0.71% of Seven Eight Capital’s portfolio. Mn Services Vermogensbeheer B.v. added VAL to its portfolio by purchasing 1,898 company shares during the most recent quarter which is valued at $200,808. The Valspar Corp makes up approx 0.04% of Mn Services Vermogensbeheer B.v.’s portfolio. Rmb Capital Management added VAL to its portfolio by purchasing 3,062 company shares during the most recent quarter which is valued at $322,735. The Valspar Corp makes up approx 0.02% of Rmb Capital Management’s portfolio.

The Valspar Corp opened for trading at $105.23 and hit $105.73 on the upside on Thursday, eventually ending the session at $105.56, with a gain of 0.14% or 0.15 points. The heightened volatility saw the trading volume jump to 2,46,184 shares. Company has a market cap of $8,368 M.

On the company’s financial health, The Valspar Corp reported $1.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $1.26. The company had revenue of $1056.80 million for the quarter, compared to analysts expectations of $1123.87 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.11 EPS.

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.

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