Renaissance Investment Group buys $4.9 Million stake in Masco Corp (MAS)

Masco Corp (MAS) : Renaissance Investment Group scooped up 6,750 additional shares in Masco Corp during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 152,966 shares of Masco Corp which is valued at $4.9 Million.Masco Corp makes up approximately 2.45% of Renaissance Investment Group’s portfolio.

On the company’s financial health, Masco Corp reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.26. The company had revenue of $1700.00 million for the quarter, compared to analysts expectations of $1704.12 million. The company’s revenue was down -18.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 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 Corp was Upgraded by Macquarie to ” Outperform” on Jan 6, 2016.

Masco Corp closed down -0.26 points or -0.82% at $31.47 with 25,77,784 shares getting traded on Monday. Post opening the session at $31.77, the shares hit an intraday low of $31.44 and an intraday high of $32.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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