NEW YORK, March 15, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Masco Corporation (NYSE:MAS), Owens Corning (NYSE:OC), Martin Marietta Materials, Inc. (NYSE:MLM), Fastenal Company (NASDAQ:FAST) and Headwaters Inc (NYSE:HW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Masco Corporation Research Report
Masco saw its shares jump last month as demand for home improvement and building products boosted its Q4 2012 results to levels enough to beat Wall Street expectations. The company raked in revenue of $1.89 billion, up 9 percent from $1.74 billion the same period in 2011, and earnings came in at 4 cents per share compared to a loss of 9 cents per share year over year. In comparison analysts wanted to see revenue of $1.81 billion and a loss of 1 cent per share. Management says sales and operating profits improved in all five of its operating segments, for the first time since the housing downturn, as are a number of home builders and suppliers amid the housing recovery. The company expects new home construction to show strong growth in 2013, with its repair and remodeling business seen to grow modestly, though big-ticket items would continue to lag. The Full Research Report on Masco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/20b2_MAS]
Owens Corning Research Report
Owens Corning has announced that it has purchased China-based equipment manufacturer Tanaka Kikinzoku (Suzhou), a unit of Tanaka Kikinzoku International. Terms of the deal, however, were not disclosed. The company, who makes materials for the manufacture of glass products particularly the fibers, will be folded into Owens Corning's GlassMetal Services. Management says the deal would allow Owens Corning to better serve China, which they believe is the largest and fastest growing glass fiber country in the world. In addition, the acquisition completes the company's global footprint of bushing facilities which include additional locations in Singapore, the U.S., Brazil, and Russia. The Full Research Report on Owens Corning - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/8a64_OC]
Martin Marietta Materials, Inc. Research Report
Martin Marietta Materials reported growth in revenue and net income in its Q4 2012 results as demand for building materials rose due to a revival in construction activity amid a resurgent housing market. Net income for the quarter jumped 45 percent year over year at $21.5 million or 46 cents per share, from $14.8 million or 32 cents per share. Revenue meanwhile grew 20 percent to $504.1 million as sales of the company's aggregates business rose 26 percent to $407.3 million, which offset the 2 percent decrease in sales of specialty materials, which is at $50.6 million. However, net income fell short of analyst expectations of 49 cents per share, but the company still beat the expected $469.3 million. For this year, management is optimistic with Martin Marietta's prospects, predicting stronger new construction activity across the country. They project a 2 to 4 percent increase in pricing of heritage aggregates for 2013. The Full Research Report on Martin Marietta Materials, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/59f4_MLM]
Fastenal Company Research Report
Fastenal announced a 3.1 percent year-over-year rise in net sales of $254.9 million and an 8.2 percent increase in daily sales to $12.7 million for the month of February. The company's net sales benefited from an 8.2 percent increase in manufacturing customers and a 4.3 percent rise in non-residential construction customers. Management says the company has benefitted progress around its vending program, FAST Solutions, and has had more vending contract signings and installations than usual. Industrial vending remains one of the main growth drivers for Fastenal, with government business and metalworking also gaining traction, which could help achieve profitability in 2013 and beyond. The Full Research Fastenal Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/a617_FAST]
Headwaters Inc Research Report
Headwaters announced that it has repurchased and canceled $15.3 million in aggregate principal amount of its 2.5 percent Convertible Subordinated Notes due 2014, with the company now having $39.8 million in aggregate principal amount of its 2.5 percent Notes remaining. Meanwhile, Headwaters earlier released its Q1 2013 results with better than expected revenue and earnings per share as the housing market recovery brings increased demand for its products. Revenue came in at $149.6 million, up 8.8 percent from the previous year's $137.4 million, while earnings came in at a loss of $5.9 million, or 9 cents per share, up from a net loss of $23.7 million, or 39 cents per share, for the first quarter of 2012. In comparison, analysts wanted to see revenue of $147.6 million and earnings of 5 cents per share. The Full Research Report on Headwaters Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/d21a_HW]
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