Cambridge Advisors Inc. Has $1.162 Million Stake in The Valspar Corp (VAL)
Cambridge Advisors Inc. lowered its stake in The Valspar Corp (NYSE:VAL) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 10,470 shares of the specialty chemicals company’s stock after selling 280 shares during the period. Cambridge Advisors Inc.’s holdings in The Valspar Corp were worth $1,162,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in The Valspar Corp by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the specialty chemicals company’s stock valued at $2,052,000 after buying an additional 400 shares during the period. Gulf International Bank UK Ltd raised its position in shares of The Valspar Corp by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 22,600 shares of the specialty chemicals company’s stock valued at $2,507,000 after buying an additional 200 shares during the period. Creative Planning raised its position in shares of The Valspar Corp by 3.6% in the first quarter. Creative Planning now owns 4,859 shares of the specialty chemicals company’s stock valued at $539,000 after buying an additional 170 shares during the period. Macquarie Group Ltd. purchased a new position in shares of The Valspar Corp during the fourth quarter valued at $435,000. Finally, Highbridge Capital Management LLC raised its position in shares of The Valspar Corp by 9.6% in the fourth quarter. Highbridge Capital Management LLC now owns 272,496 shares of the specialty chemicals company’s stock valued at $28,233,000 after buying an additional 23,968 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.
Shares of The Valspar Corp (NYSE:VAL) traded down 0.07% on Thursday, hitting $112.33. The company had a trading volume of 654,868 shares. The company has a 50 day moving average of $111.40 and a 200-day moving average of $106.88. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 26.71 and a beta of 1.63. The Valspar Corp has a 12-month low of $97.62 and a 12-month high of $112.50.
The Valspar Corp (NYSE:VAL) last released its earnings results on Wednesday, March 8th. The specialty chemicals company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.23. The firm had revenue of $907.70 million for the quarter, compared to analyst estimates of $893.56 million. The Valspar Corp had a return on equity of 39.26% and a net margin of 8.42%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. On average, analysts forecast that The Valspar Corp will post $4.61 earnings per share for the current year.
Several brokerages recently weighed in on VAL. Zacks Investment Research raised The Valspar Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $111.00 target price on shares of The Valspar Corp in a research report on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. The Valspar Corp currently has a consensus rating of “Hold” and a consensus price target of $116.42.
The Valspar Corp Company Profile
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.
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