Strategic Financial Group buys $555,638 stake in Masco Corp (MAS)

Masco Corp (MAS) : Strategic Financial Group scooped up 5,923 additional shares in Masco Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 17,528 shares of Masco Corp which is valued at $555,638.Masco Corp makes up approximately 0.52% of Strategic Financial Group’s portfolio.

Masco Corp opened for trading at $31.03 and hit $31.71 on the upside on Friday, eventually ending the session at $31.7, with a gain of 2.29% or 0.71 points. The heightened volatility saw the trading volume jump to 39,20,282 shares. Company has a market cap of $10,548 M.

Other Hedge Funds, Including , Ifp Advisors Inc boosted its stake in MAS in the latest quarter, The investment management firm added 2,619 additional shares and now holds a total of 3,904 shares of Masco Corp which is valued at $123,757. Masco Corp makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Aperio Group boosted its stake in MAS in the latest quarter, The investment management firm added 20,269 additional shares and now holds a total of 172,344 shares of Masco Corp which is valued at $5,292,684. Masco Corp makes up approx 0.04% of Aperio Group’s portfolio.Tarbox Group boosted its stake in MAS in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 193 shares of Masco Corp which is valued at $5,927.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.Sigma Planning Corp boosted its stake in MAS in the latest quarter, The investment management firm added 1,131 additional shares and now holds a total of 9,637 shares of Masco Corp which is valued at $312,913. Masco Corp makes up approx 0.04% of Sigma Planning Corp’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. Company shares were Reiterated by FBR Capital on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .Company shares were Reiterated by MKM Partners on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .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 .

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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