Sadoff Investment Management Lowers stake in Masco Corp (MAS)

Masco Corp (MAS) : Sadoff Investment Management reduced its stake in Masco Corp by 0.43% during the most recent quarter end. The investment management company now holds a total of 909,565 shares of Masco Corp which is valued at $30,734,201 after selling 3,910 shares in Masco Corp , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Masco Corp makes up approximately 3.48% of Sadoff Investment Management’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc sold out all of its stake in MAS during the most recent quarter. The investment firm sold 711 shares of MAS which is valued $24,025.Chevy Chase Trust Holdings boosted its stake in MAS in the latest quarter, The investment management firm added 5,674 additional shares and now holds a total of 289,227 shares of Masco Corp which is valued at $9,318,894. Masco Corp makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Raymond James Trust N.a. boosted its stake in MAS in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 10,697 shares of Masco Corp which is valued at $344,657. Masco Corp makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.Carl Domino Inc reduced its stake in MAS by selling 11,570 shares or 17.55% in the most recent quarter. The Hedge Fund company now holds 54,350 shares of MAS which is valued at $1,751,157. Masco Corp makes up approx 1.61% of Carl Domino Inc’s portfolio.

Masco Corp opened for trading at $33.97 and hit $34.47 on the upside on Wednesday, eventually ending the session at $34.33, with a gain of 1.60% or 0.54 points. The heightened volatility saw the trading volume jump to 26,74,729 shares. Company has a market cap of $11,423 M.

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. FBR Capital Initiated Masco Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $36.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 .

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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