Masco Corp (MAS) : Cibc World Markets Corp scooped up 1,228,684 additional shares in Masco Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,299,663 shares of Masco Corp which is valued at $46,878,844.Masco Corp makes up approximately 1.51% of Cibc World Markets Corp’s portfolio.
Other Hedge Funds, Including , Third Avenue Management reduced its stake in MAS by selling 434,877 shares or 30.51% in the most recent quarter. The Hedge Fund company now holds 990,521 shares of MAS which is valued at $35,728,092. Masco Corp makes up approx 1.51% of Third Avenue Management’s portfolio.Pinebridge Investments reduced its stake in MAS by selling 5,444 shares or 37.32% in the most recent quarter. The Hedge Fund company now holds 9,145 shares of MAS which is valued at $329,860. Masco Corp makes up approx 0.02% of Pinebridge Investments’s portfolio.Signaturefd reduced its stake in MAS by selling 4 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 627 shares of MAS which is valued at $22,873.Tocqueville Asset Management boosted its stake in MAS in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 52,354 shares of Masco Corp which is valued at $1,909,874. Masco Corp makes up approx 0.02% of Tocqueville Asset Management’s portfolio.
Masco Corp opened for trading at $35.52 and hit $35.98 on the upside on Tuesday, eventually ending the session at $35.71, with a gain of 0.93% or 0.33 points. The heightened volatility saw the trading volume jump to 31,34,223 shares. Company has a market cap of $11,792 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. 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.