Masco Corp (MAS) : Koshinski Asset Management added new position in Masco Corp during the most recent quarter end. The investment management firm now holds 29,759 shares of Masco Corp which is valued at $997,522 , the company said in a statement filed on Oct 17, 2016 with the SEC.Masco Corp makes up approximately 0.49% of Koshinski Asset Management’s portfolio.
Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in MAS by selling 40 shares or 19.8% in the most recent quarter. The Hedge Fund company now holds 162 shares of MAS which is valued at $5,430.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MAS in the latest quarter, The investment management firm added 2,543 additional shares and now holds a total of 81,096 shares of Masco Corp which is valued at $2,718,338. Masco Corp makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Eagle Asset Management Inc reduced its stake in MAS by selling 829 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 174,026 shares of MAS which is valued at $5,782,884. Masco Corp makes up approx 0.04% of Eagle Asset Management Inc’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in MAS by selling 4,750 shares or 20.49% in the most recent quarter. The Hedge Fund company now holds 18,430 shares of MAS which is valued at $612,429. Masco Corp makes up approx 0.16% of Daiwa Sb Investments Ltd.’s portfolio.Washington Trust Bank boosted its stake in MAS in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 2,108 shares of Masco Corp which is valued at $72,178. Masco Corp makes up approx 0.02% of Washington Trust Bank’s portfolio.
Masco Corp opened for trading at $33.7 and hit $34.06 on the upside on Friday, eventually ending the session at $33.52, with a gain of 0.48% or 0.16 points. The heightened volatility saw the trading volume jump to 20,29,774 shares. Company has a market cap of $11,069 M.
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. Masco Corp was Initiated by Wells Fargo to “Outperform” on Sep 29, 2016. BofA/Merrill Resumed Masco Corp on Sep 23, 2016 to “Buy”, Price Target of the shares are set at $41.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 .
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.