Montag A Associates Inc Lowers stake in Masco Corp (MAS)

Masco Corp (MAS) : Montag A Associates Inc reduced its stake in Masco Corp by 0.17% during the most recent quarter end. The investment management company now holds a total of 144,501 shares of Masco Corp which is valued at $5,282,957 after selling 250 shares in Masco Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Masco Corp makes up approximately 0.68% of Montag A Associates Inc’s portfolio.

Other Hedge Funds, Including , Welch Forbes reduced its stake in MAS by selling 1,000 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 75,130 shares of MAS which is valued at $2,746,753. Masco Corp makes up approx 0.08% of Welch Forbes’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in MAS during the most recent quarter. The investment firm sold 711 shares of MAS which is valued $24,025.Highland Capital Management reduced its stake in MAS by selling 18,841 shares or 58.24% in the most recent quarter. The Hedge Fund company now holds 13,507 shares of MAS which is valued at $463,695. Masco Corp makes up approx 0.04% of Highland Capital Management’s portfolio.Nisa Investment Advisors boosted its stake in MAS in the latest quarter, The investment management firm added 6,220 additional shares and now holds a total of 30,768 shares of Masco Corp which is valued at $1,043,035. Masco Corp makes up approx 0.01% of Nisa Investment Advisors’s portfolio.

Masco Corp closed down -0.19 points or -0.52% at $36.48 with 25,16,915 shares getting traded on Monday. Post opening the session at $36.64, the shares hit an intraday low of $36.38 and an intraday high of $36.695 and the price fluctuated in this range throughout the day.Shares ended Monday 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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