The Valspar Corp (VAL) : Moab Capital Partners added new position in The Valspar Corp during the most recent quarter end. The investment management firm now holds 12,000 shares of The Valspar Corp which is valued at $1,266,600 , the company said in a statement filed on Aug 15, 2016 with the SEC.The Valspar Corp makes up approximately 0.44% of Moab Capital Partners’s portfolio.
Other Hedge Funds, Including , Laurion Capital Management Lp sold out all of its stake in VAL during the most recent quarter. The investment firm sold 117,340 shares of VAL which is valued $12,385,237.Nuveen Asset Management reduced its stake in VAL by selling 344 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 29,525 shares of VAL which is valued at $3,116,364. The Valspar Corp makes up approx 0.02% of Nuveen Asset Management’s portfolio.Oppenheimerfunds reduced its stake in VAL by selling 1,689 shares or 11.53% in the most recent quarter. The Hedge Fund company now holds 12,959 shares of VAL which is valued at $1,367,822.
The Valspar Corp opened for trading at $105.43 and hit $105.94 on the upside on Wednesday, eventually ending the session at $105.82, with a gain of 0.29% or 0.31 points. The heightened volatility saw the trading volume jump to 233,456 shares. Company has a market cap of $8,388 M.
On the company’s financial health, The Valspar Corp reported $1.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $1.45. The company had revenue of $1141.90 million for the quarter, compared to analysts expectations of $1175.51 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.33 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.