Williams Insulation, a wholly-owned subsidiary of Masco Corporation (MAS) recently announced its plans to expand into Lake Charles, La.
Williams Insulation is a part of Masco Contractor Services, which is a group of subsidiaries owned by Masco Corporation. Masco Corporation manufactures, sells and installs home improvement and building products.
Williams Insulation offers various forms of insulation installations such as fiberglass batt, blown fiberglass, spray foam and cellulose. It also offers fireplaces and gutters. The company already serves both homebuilders and homeowners in Southeast Texas and Southwest Louisiana. Expansion in the Lake Charles area will further broaden the company’s client base.
Recently, another Masco Contractor Services unit , Red Lion Insulation, announced its plans to expand into Farmingdale, N.J. Red Lion offers various forms of insulation installations such as fiberglass batt, blown fiberglass, spray foam and cellulose.
Masco Corporation will report its second quarter 2013 earnings results on Jul 30, 2013. The Zacks Consensus Estimate for the quarter stands at 19 cents per share. The Zacks Consensus Estimate for 2013 is 69 cents while that for fiscal 2014 is $1.02 per share.
Masco carries a Zacks Rank #3 (Hold).
We are encouraged by Masco’s continued focus on product innovation and cost improvements. The company is benefiting from new home construction and repair and remodel activities. However, weak consumer spending on big ticket remodeling and a sluggish European economy remain headwinds.
Other stocks in the construction sector that are performing well and deserve a mention include PulteGroup, Inc. (PHM), DR Horton, Inc. (DHI), and USG Corporation (USG). PulteGroup and DR Horton carry a Zacks Rank #1 (Strong Buy) whereas USG Corporation carries a Zacks Rank #2 (Buy).
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