Magee Thomson Investment Partners Lowers stake in Masco Corp (MAS)

Masco Corp (MAS) : Magee Thomson Investment Partners reduced its stake in Masco Corp by 1.94% during the most recent quarter end. The investment management company now holds a total of 431,580 shares of Masco Corp which is valued at $14,013,403 after selling 8,520 shares in Masco Corp , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Masco Corp makes up approximately 4.27% of Magee Thomson Investment Partners’s portfolio.

Masco Corp opened for trading at $32.35 and hit $32.56 on the upside on Friday, eventually ending the session at $32.47, with a gain of 0.53% or 0.17 points. The heightened volatility saw the trading volume jump to 29,58,872 shares. Company has a market cap of $10,843 M.

Other Hedge Funds, Including , Centurylink Investment Management Co sold out all of its stake in MAS during the most recent quarter. The investment firm sold 53,598 shares of MAS which is valued $1,740,327.Gateway Investment Advisers reduced its stake in MAS by selling 8,358 shares or 10.72% in the most recent quarter. The Hedge Fund company now holds 69,632 shares of MAS which is valued at $2,260,951. Masco Corp makes up approx 0.02% of Gateway Investment Advisers’s portfolio.Eastern Bank boosted its stake in MAS in the latest quarter, The investment management firm added 52,601 additional shares and now holds a total of 435,045 shares of Masco Corp which is valued at $14,043,253. Masco Corp makes up approx 1.14% of Eastern Bank’s portfolio.Independent Portfolio Consultants reduced its stake in MAS by selling 380 shares or 18.74% in the most recent quarter. The Hedge Fund company now holds 1,648 shares of MAS which is valued at $53,197. Masco Corp makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Central Bank Trust Co boosted its stake in MAS in the latest quarter, The investment management firm added 12,252 additional shares and now holds a total of 240,044 shares of Masco Corp which is valued at $7,748,620. Masco Corp makes up approx 2.15% of Central Bank Trust Co’s portfolio.

On the company’s financial health, Masco Corp reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.26. The company had revenue of $1720.00 million for the quarter, compared to analysts expectations of $1725.19 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Masco Corp. Shares were Reiterated by Barclays on Feb 10, 2016 to “Overweight” and Lowered the Price Target to $ 31 from a previous price target of $32 .Robert W. Baird Upgraded Masco Corp on Jan 22, 2016 to ” Outperform”, Price Target of the shares are set at $30.

Masco Corporation manufactures distributes and installs home improvement and building products. The Company’s segments include Cabinets and Related Products Plumbing Products Installation and Other Services Decorative Architectural Products and Other Specialty Products. Its Cabinets and Related Products includes assembled kitchen and bath cabinets and home office workstations entertainment centers storage products; bookcases and kitchen utility products. Its Plumbing Products include faucets plumbing fittings and valves showerheads and hand showers bathtubs and shower enclosures toilets and spas. The Installation and Other Services includes the sale installation and distribution of insulation and other building products. Its Decorative Architectural Products include paints and stains and cabinet door window and other hardware. Its Other Specialty Products include windows window frame components and patio doors staple gun tackers staples and other fastening tools.

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