Masco Corp (MAS) : Hutchens Investment Management Inc scooped up 15,650 additional shares in Masco Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 51,000 shares of Masco Corp which is valued at $1,839,570.Masco Corp makes up approximately 1.69% of Hutchens Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in MAS in the latest quarter, The investment management firm added 243,770 additional shares and now holds a total of 3,984,959 shares of Masco Corp which is valued at $143,737,471. Masco Corp makes up approx 0.07% of Blackrock Group Ltd’s portfolio.Iridian Asset Managementct reduced its stake in MAS by selling 6,023,205 shares or 46.87% in the most recent quarter. The Hedge Fund company now holds 6,826,918 shares of MAS which is valued at $249,045,969. Masco Corp makes up approx 2.21% of Iridian Asset Managementct’s portfolio.Manning Napier Advisors reduced its stake in MAS by selling 121,140 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 1,459,635 shares of MAS which is valued at $53,524,815. Masco Corp makes up approx 0.31% of Manning Napier Advisors’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in MAS by selling 4,025 shares or 20.86% in the most recent quarter. The Hedge Fund company now holds 15,270 shares of MAS which is valued at $556,439. Masco Corp makes up approx 0.30% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in MAS by selling 97,541 shares or 38.98% in the most recent quarter. The Hedge Fund company now holds 152,700 shares of MAS which is valued at $5,159,733. Masco Corp makes up approx 0.09% of Old Mutual Global Investors (uk) Ltd.’s portfolio.
Masco Corp closed down -0.01 points or -0.03% at $35.2 with 30,52,743 shares getting traded on Friday. Post opening the session at $35.07, the shares hit an intraday low of $35.02 and an intraday high of $35.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Masco Corp reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.43. The company had revenue of $2001.00 million for the quarter, compared to analysts expectations of $1997.53 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 $0.38 EPS.
Many Wall Street Analysts have commented on Masco Corp. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 41 from a previous price target of $35 .Company shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .FBR Capital Initiated Masco Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $36.
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.