First Houston Capital buys $2,185,842 stake in Masco Corp (MAS)

Masco Corp (MAS) : First Houston Capital scooped up 11,400 additional shares in Masco Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 60,600 shares of Masco Corp which is valued at $2,185,842.Masco Corp makes up approximately 1.97% of First Houston Capital’s portfolio.

Other Hedge Funds, Including , Cssil boosted its stake in MAS in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 12,300 shares of Masco Corp which is valued at $443,661. Masco Corp makes up approx 0.06% of Cssil’s portfolio.Blackrock Investment Management boosted its stake in MAS in the latest quarter, The investment management firm added 138,284 additional shares and now holds a total of 827,654 shares of Masco Corp which is valued at $29,853,480. Masco Corp makes up approx 0.04% of Blackrock Investment Management’s portfolio.Pzena Investment Management reduced its stake in MAS by selling 517 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 846,154 shares of MAS which is valued at $31,028,467. Masco Corp makes up approx 0.18% of Pzena Investment Management’s portfolio.Bb&t Securities boosted its stake in MAS in the latest quarter, The investment management firm added 5,701 additional shares and now holds a total of 17,673 shares of Masco Corp which is valued at $648,069. Masco Corp makes up approx 0.01% of Bb&t Securities’s portfolio. Timber Hill added MAS to its portfolio by purchasing 6,636 company shares during the most recent quarter which is valued at $243,342. Masco Corp makes up approx 0.02% of Timber Hill’s portfolio.

Masco Corp opened for trading at $35.5 and hit $35.82 on the upside on Thursday, eventually ending the session at $35.53, with a gain of 0.14% or 0.05 points. The heightened volatility saw the trading volume jump to 42,87,412 shares. Company has a market cap of $11,733 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.

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