Masco Corp (NYSE: MAS) manufactures and distributes home improvement and building products.The company’s plumbing product line includes Delta Faucets, Peerless, Hot Spring, and Elan as well as others.
Building materials provided Owens Corning (NYSE: OC) has seen a shift in its momentum in the past few months and it could be a good sign for the stock.It also looks like the 50-day may be ready to act as support now.
The Tickeron AI Prediction tool generated a bullish signal on Owens Corning on February 26 and that is a prediction for a gain of at least 4% over the next month.
Owens Corning Inc. beat fourth quarter earnings expectations, and also bumped up its dividend.
The insulation, roof and fiberglass composites producer raked in adjusted earnings $1.38 per share for the quarter ending in December, thereby edging past Wall Street consensus estimate of $1.21 per share.
The company’s group sales increased +6.2%% year-over-year to touch $1.7 billion in the quarter, and narrowly exceeded the consensus estimate of $1.6 billion.
Owens Corning raised its quarterly dividend to 22 cents per share.
Jeld-Wen Holding Inc. shares jumped +13.25% mid-day Tuesday, on news of the company beating fourth-quarter earnings estimates.
The wood window and door manufacturing company reported adjusted earnings of 41 cents a share in the quarter, higher than analysts’ expectation of 36 cents a share.The figure, however, was below analysts’ estimate of $1.1 billion.
Despite some headwind from unfavorable foreign exchange rates, acquisitions helped to boost the company's revenue and earnings.
Johnson Controls International plc reported strong fiscal fourth quarter earnings.
The industrial conglomerate's EPS of $0.93 was +7% higher from the year-ago period.The company projects its fiscal 2019 adjusted EPS to be in the range of $2.90 to $3.05, representing organic EBIT growth of 8% to 12%.
The company announced an additional $1 billion of share buyback plan.