Red Lion Insulation, a wholly-owned subsidiary of
) recently announced its plans to expand into the Farmingdale,
N.J. market to cater to the Atlantic and Cape May Counties.
Hit by Hurricane Sandy, these areas require major insulation
Masco Corporation manufactures, sells and installs home
improvement and building products. Red Lion Insulation is a part
of Masco Contractor Services. Red Lion offers various forms
of insulation installations such as fiberglass batt, blown
fiberglass, spray foam and cellulose.
Previously, another company of Masco Contractor Services, Western
Insulation, announced its plans to expand into Bakerfield, Calif.
Western Insulation offers products and services like fiberglass
batt and blow, fireplace installation, garage door services,
gutter installation and gutter protection.
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 fiscal 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
Armstrong World Industries, Inc.
). PulteGroup carries a Zacks Rank #1 (Strong Buy) whereas both
Armstrong World Industries and USG Corporation carry a Zacks Rank
ARMSTRONG WORLD (AWI): Free Stock Analysis
MASCO (MAS): Free Stock Analysis Report
PULTE GROUP ONC (PHM): Free Stock Analysis
USG CORP (USG): Free Stock Analysis Report
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