Williams Insulation, a wholly-owned subsidiary of
) recently announced its plans to expand into Lake Charles, La.
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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
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
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
DR Horton, Inc.
). PulteGroup and DR Horton carry a Zacks Rank #1 (Strong Buy)
whereas USG Corporation carries a Zacks Rank #2 (Buy).