Mcmillion Capital Management Inc Lowers stake in Masco Corp (MAS)

Masco Corp (MAS) : Mcmillion Capital Management Inc reduced its stake in Masco Corp by 3.15% during the most recent quarter end. The investment management company now holds a total of 104,778 shares of Masco Corp which is valued at $3,822,301 after selling 3,410 shares in Masco Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Masco Corp makes up approximately 2.84% of Mcmillion Capital Management Inc’s portfolio.

Other Hedge Funds, Including , 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.State Board Of Administration Of Florida Retirement System boosted its stake in MAS in the latest quarter, The investment management firm added 75,758 additional shares and now holds a total of 543,060 shares of Masco Corp which is valued at $19,914,010. Masco Corp makes up approx 0.06% of State Board Of Administration Of Florida Retirement System’s portfolio.1st Source Bank boosted its stake in MAS in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 31,763 shares of Masco Corp which is valued at $1,158,714. Masco Corp makes up approx 0.13% of 1st Source Bank’s portfolio.Bollard Group boosted its stake in MAS in the latest quarter, The investment management firm added 119 additional shares and now holds a total of 39,696 shares of Masco Corp which is valued at $1,341,328. Masco Corp makes up approx 0.09% of Bollard Group’s portfolio.Eagle Asset Management Inc boosted its stake in MAS in the latest quarter, The investment management firm added 2,275 additional shares and now holds a total of 174,855 shares of Masco Corp which is valued at $6,002,772. Masco Corp makes up approx 0.04% of Eagle Asset Management Inc’s portfolio.

Masco Corp closed down -0.04 points or -0.11% at $35.47 with 34,38,575 shares getting traded on Wednesday. Post opening the session at $35.42, the shares hit an intraday low of $35.08 and an intraday high of $35.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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