Havens Advisors buys $7,378,000 stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Havens Advisors scooped up 20,000 additional shares in The Valspar Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 70,000 shares of The Valspar Corp which is valued at $7,378,000.The Valspar Corp makes up approximately 5.90% of Havens Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in VAL in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 213 shares of The Valspar Corp which is valued at $22,450.British Columbia Investment Management Corp reduced its stake in VAL by selling 5,900 shares or 17.64% in the most recent quarter. The Hedge Fund company now holds 27,554 shares of VAL which is valued at $2,908,049. The Valspar Corp makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Capstone Asset Management Co boosted its stake in VAL in the latest quarter, The investment management firm added 490 additional shares and now holds a total of 10,185 shares of The Valspar Corp which is valued at $1,074,925. The Valspar Corp makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Weaver C. Barksdale Associates boosted its stake in VAL in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 195 shares of The Valspar Corp which is valued at $20,580. The Valspar Corp makes up approx 0.04% of Weaver C. Barksdale Associates’s portfolio. Washington Trust Bank added VAL to its portfolio by purchasing 7 company shares during the most recent quarter which is valued at $740.

The Valspar Corp opened for trading at $105.26 and hit $105.85 on the upside on Tuesday, eventually ending the session at $105.54, with a gain of 0.13% or 0.14 points. The heightened volatility saw the trading volume jump to 3,48,952 shares. Company has a market cap of $8,375 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.

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