The Valspar Corporation (VAL) Misses Earnings Expectations, Stock Holds Firm

As one would reasonably expect, specific money managers have jumped into The Valspar Corporation (NYSE:VAL) headfirst. Magnetar Capital established the biggest position in The Valspar Corporation (NYSE:VAL). Magnetar Capital had $83.7 million invested in the company at the end of the quarter. Alpine Associates also initiated a $47 million position during the quarter. The other funds with brand new VAL positions are Glenn Russell Dubin’s Highbridge Capital Management, John Orrico’s Water Island Capital, and Matthew Tewksbury’s Stevens Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as The Valspar Corporation (NYSE:VAL) but similarly valued. We will take a look at Global Payments Inc (NYSE:GPN), Scripps Networks Interactive, Inc. (NYSE:SNI), Everest Re Group Ltd (NYSE:RE), and Alliant Energy Corporation (NYSE:LNT). This group of stocks’ market values are closest to VAL’s market value.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $556 million. That figure was $841 million in VAL’s case. Global Payments Inc (NYSE:GPN) is the most popular stock in this table. On the other hand Alliant Energy Corporation (NYSE:LNT) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks The Valspar Corporation (NYSE:VAL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None