Pensionfund DSM Netherlands purchased a new position in shares of Masco Corporation (NYSE:MAS) in the third quarter, according to its most recent filing with the SEC. The firm purchased 80,000 shares of the construction company’s stock, valued at approximately $3,121,000.
A number of other institutional investors have also modified their holdings of the business. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Masco Corporation in the 2nd quarter valued at about $101,000. Pathstone Family Office LLC bought a new position in Masco Corporation in the 1st quarter valued at about $103,000. YorkBridge Wealth Partners LLC lifted its position in Masco Corporation by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after acquiring an additional 127 shares in the last quarter. Trust Co. of Vermont lifted its position in Masco Corporation by 4.4% in the 2nd quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock valued at $113,000 after acquiring an additional 125 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Masco Corporation by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after acquiring an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
In related news, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the completion of the sale, the insider now directly owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. Insiders have sold 24,101 shares of company stock valued at $916,799 in the last ninety days. Insiders own 1.30% of the company’s stock.
Several equities analysts recently weighed in on MAS shares. Longbow Research reaffirmed a “buy” rating and issued a $42.00 price target on shares of Masco Corporation in a research report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 price target on shares of Masco Corporation in a research report on Tuesday, July 18th. Zacks Investment Research cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Masco Corporation in a research report on Wednesday, July 19th. Finally, BidaskClub cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $42.71.
Masco Corporation (NYSE MAS) traded down 0.60% during midday trading on Friday, hitting $39.87. 1,037,144 shares of the company were exchanged. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 24.66 and a beta of 1.54. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $41.10. The stock has a 50 day moving average of $38.54 and a 200-day moving average of $37.54.
Masco Corporation (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.41 EPS. Masco Corporation’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts expect that Masco Corporation will post $1.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.105 per share. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.05%. Masco Corporation’s dividend payout ratio is presently 25.00%.
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Masco Corporation Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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