Icon Advisers Incco buys $12,988,620 stake in Masco Corp (MAS)

Masco Corp (MAS) : Icon Advisers Incco scooped up 86,000 additional shares in Masco Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 359,000 shares of Masco Corp which is valued at $12,988,620.Masco Corp makes up approximately 0.85% of Icon Advisers Incco’s portfolio.

Other Hedge Funds, Including , Mcmillion Capital Management Inc reduced its stake in MAS by selling 3,410 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 104,778 shares of MAS which is valued at $3,822,301. Masco Corp makes up approx 2.84% of Mcmillion Capital Management Inc’s portfolio.State Treasurer State Of Michigan boosted its stake in MAS in the latest quarter, The investment management firm added 662,200 additional shares and now holds a total of 777,188 shares of Masco Corp which is valued at $28,413,993. Masco Corp makes up approx 0.22% of State Treasurer State Of Michigan’s portfolio.Great West Life Assurance Co Can boosted its stake in MAS in the latest quarter, The investment management firm added 160,932 additional shares and now holds a total of 343,926 shares of Masco Corp which is valued at $12,573,935. Masco Corp makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.Ibm Retirement Fund reduced its stake in MAS by selling 1,653 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 39,326 shares of MAS which is valued at $1,328,826. Masco Corp makes up approx 0.05% of Ibm Retirement Fund’s portfolio.Capstone Asset Management Co boosted its stake in MAS in the latest quarter, The investment management firm added 5,217 additional shares and now holds a total of 47,203 shares of Masco Corp which is valued at $1,593,101. Masco Corp makes up approx 0.05% of Capstone Asset Management Co’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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