Building Products

Citi reports that, yesterday after the close, Asbestos Trust had sold 7 mm shares of Owens Corning (NYSE: OC) to a group of three banks/broker-dealers. “It is possible that the sale of such a large amount of shares could lead to temporary technical pressure on OC's stock price,” Citi writes. “If...

UniTek Global Services Inc. (NASDAQ:UNTK)- is trading at a price of $9.82, a dramatic change of +0.33 (3.48%) from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 148.81M Tecumseh Products Company (NASDAQ...

Gainers: Harbin Electric Inc. (HRBN)- designs, develops, manufactures, supplies and services a range of electric motors, including linear motors, specialty micro-motors and industrial rotary motors is trading at a price of $19.91, a dramatic change of +1.19 (6.36%) from its previous day's close...

Cusick's Corner What I do not like about the short-term action is that the market has been unable to hold the gains that we started off with and that we have had almost a week of indecision. Could this be the May syndrome of "Sell in May and Go Away"? If you sell in May and come back in September...

Owens Corning (NYSE: OC) today announced that one of its stockholders, the Owens Corning/Fibreboard Asbestos Personal Injury Trust, has agreed to sell 7,000,000 shares of its common stock to BofA Merrill Lynch and J.P. Morgan. All net proceeds from the sale of the common stock will be received by...

Humana Inc (NYSE: HUM) reported a 22% rise in its first-quarter profit. Humana reported its quarterly net income at $315.2 million, or $1.86 per share, up from $258.8 million, or $1.52 per share, in the year-ago period. The company's revenue came in at $9.2 billion. However, analysts were expecting...

Armstrong World Industries (NYSE: AWI) Guides Q2 Sales $740M-$790M

Armstrong World Industries (NYSE: AWI) Reports EPS of $0.51 vs. $0.36 Estimate; Revenues $685.2M vs. $671.82M Estimate

Armstrong World Industries (NYSE: AWI) today reported first quarter 2011 results. Highlights for the First Quarter of 2011 Adjusted EBITDA, $93 million up 69% from 2010 Management raises full year guidance to adjusted EBITDA in the range of $375 to $415 million. Approval for construction of a...

Simpson Manufacturing (NYSE: SSD) Reports EPS of $0.14 vs. $0.17 Estimate; Revenues $132.5M vs. $131.1M Estimate

Masco's (NYSE: MAS) 2011 outlook for greater combined losses in Cabinets/Installation JP Morgan believes due in part to lower housing starts view as well as continued execution challenges, higher costs. On a macro level, Masco noted it now expects 2011 housing starts to grow 10%, vs. previously 15...

Owens Corning (NYSE: OC) today reported consolidated net sales decreased 2 percent to $1.24 billion in the first quarter of 2011, compared with $1.27 billion in the first quarter of 2010. First-quarter 2011 net earnings were $24 million, or $0.19 per diluted share, compared with net earnings of $...

Owens Corning (NYSE: OC) Reports EPS of $0.20 vs. $0.36 Estimate; Revenues $1.24B vs. $1.26B Estimate

Shares of Masco Corporation (NYSE: MAS) are lower on the session by 0.52%, trading at $13.31. Overall put volume is now running at 2.27x the daily average, with 35% of all puts traded being purchases on the offer. 2,316 contracts have traded on the session so far. Masco Corporation manufactures...

According to Deutsche Bank, Masco (NYSE: MAS) 1Q11 results featured a slight outperformance in sales but a headline miss in EPS due to weaker margins as well as higher than expected charges. Deutsche Bank said that strength in the top line was driven by the Plumbing and Other Specialty segments,...