Building Products

Masco Corp (NYSE: MAS) reported first-quarter FY22 net sales growth of 12% year-over-year to $2.2 billion, beating the consensus of $2.06 billion. In local currency, North American sales increased 14% Y/Y, and international sales increased 12% Y/Y. The gross margin contracted by 350 bps...

Lennox International Inc (NYSE: LII) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.01 billion, beating the consensus of $961.61 million. Revenue in the Residential Heating & Cooling business segment increased 13% Y/Y to $682 million, Commercial Heating...

Masco Corp (NYSE: MAS) has been upgraded to Neutral from Underweight by JPMorgan analyst Michael Rehaut, with a price target of $62. Rehaut noted MAS's below-average exposure to U.S. new residential construction should allow for a lower cyclicality and vulnerability to...

Lennox International Inc. (NYSE: LII) has appointed Alok Maskara as its CEO, effective on May 9, 2022. Maskara succeeds Todd Bluedorn, who announced in July 2021 his plans to step down by mid-2022 as Chairman and CEO. The company has named Todd Teske, current Lead Independent...

Masco Corp (NYSE: MAS) subsidiary Behr Paint Company is making its first foray into the NFT space. In partnership with Doodles, Behr Paint is helping bring Doodles' colors to life at the SXSW festival in Austin, Texas, from March 12th to 14th. Doodles is a collection of 10,000 NFTs...

Barclays analyst Matthew Bouley lowered the price target on Masco Corp (NYSE: MAS) to $75 (an upside of 31.3%) from $83 and maintained an Overweight rating on the shares. Softer plumbing margins were the disappointment in the quarter, with supply chain pressures and...

Cowen & Co. cut the price target on Chipotle Mexican Grill, Inc. (NYSE: CMG) from $2,250 to $1,950. Chipotle shares rose 6.1% to $1,549.97 in pre-market trading. Needham lowered Cerence Inc. (NASDAQ: CRNC) price target from $165 to $78. Cerence shares rose 0.1% to $45.82 in pre-market...

Masco Corp (NYSE: MAS) reported fourth-quarter FY21 net sales growth of 8.7% year-over-year to $2.02 billion, beating the consensus of $1.95 billion. In local currency, North American sales increased 11% Y/Y, and international sales rose 3% Y/Y. The gross margin contracted by 490...

Lennox International Inc (NYSE: LII) reported fourth-quarter FY21 sales growth of 5.6% year-on-year, to $964.8 million, beating the analyst consensus of $957.47 million. Revenue in the Residential Heating & Cooling business segment increased 12% Y/Y to $620 million, Commercial...

UBS analyst John Lovallo initiated coverage on several Building Products companies. The analyst initiated Masco Corp (NYSE: MAS) with a Buy rating and a price target of $86. Despite tough comparisons and inflation, Lovallo expects revenue and operating margins to expand...

Mizuho analyst Brett Linzey initiated coverage of five Building Products companies. The analyst initiated Lennox International Inc. (NYSE: LII) with an Underperform rating and a price target of $295, implying a downside of 9.28%. Linzey says stock sentiment is poor due to...

Analysts raised Lennox International Inc's (NYSE: LII) price target following its FY22 financial guidance and reiterating the FY21 outlook. Wells Fargo analyst Saravana Raghavan raised the price target to $331 (an upside of 1.9%) from $325 and maintained an Equal...

Lennox International Inc. (NYSE: LII) introduced its FY22 financial guidance and reiterated its FY21 outlook. For FY22, the company expects revenue growth of 5-10%, GAAP, and adjusted EPS from continuing operations of $13.40-$14.40 (consensus of $13.87). It expects FY22 corporate...

Masco Corp (NYSE: MAS) reported third-quarter FY21 sales growth of 11% year-over-year to $2.2 billion, beating the consensus of $2.1 billion. Net sales increased 9% in local currency and excluding acquisitions and divestitures. Plumbing Products sales were $1.33 billion (+16% Y/Y),...

Berenberg cut Kimberly-Clark Corporation (NYSE: KMB) price target from $164 to $127. Kimberly-Clark shares fell 0.6% to $129.35 in pre-market trading. Morgan Stanley lowered the price target on Facebook, Inc. (NASDAQ: FB) from $400 to $365. Facebook shares rose 0.5% to $330.24 in pre-market...