Tower Research Capital LLC TRC boosted its position in Masco Corp. (NYSE:MAS) by 1,368.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,477 shares of the company’s stock after buying an additional 5,104 shares during the period. Tower Research Capital LLC TRC’s holdings in Masco Corp. were worth $169,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MAS. Bessemer Group Inc. increased its position in Masco Corp. by 1.8% in the first quarter. Bessemer Group Inc. now owns 3,334 shares of the company’s stock worth $105,000 after buying an additional 58 shares during the period. Bollard Group LLC increased its position in shares of Masco Corp. by 0.3% in the second quarter. Bollard Group LLC now owns 39,696 shares of the company’s stock worth $1,228,000 after buying an additional 119 shares in the last quarter. ING Groep NV increased its position in shares of Masco Corp. by 2.4% in the first quarter. ING Groep NV now owns 7,669 shares of the company’s stock worth $241,000 after buying an additional 180 shares in the last quarter. Conning Inc. increased its position in shares of Masco Corp. by 2.4% in the second quarter. Conning Inc. now owns 8,421 shares of the company’s stock worth $261,000 after buying an additional 200 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Masco Corp. by 0.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,201 shares of the company’s stock worth $779,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 91.63% of the company’s stock.
Shares of Masco Corp. (NYSE:MAS) opened at 33.86 on Wednesday. Masco Corp. has a 52-week low of $23.10 and a 52-week high of $37.38. The stock has a market cap of $11.05 billion, a P/E ratio of 25.71 and a beta of 1.83. The firm has a 50-day moving average of $34.54 and a 200-day moving average of $32.97.
Masco Corp. (NYSE:MAS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. Masco Corp. had a net margin of 6.12% and a return on equity of 780.00%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts expect that Masco Corp. will post $1.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Friday, October 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This is a positive change from Masco Corp.’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. Masco Corp.’s dividend payout ratio is presently 29.01%.
Several research analysts have weighed in on MAS shares. Credit Suisse Group AG reiterated a “buy” rating and set a $34.00 price objective on shares of Masco Corp. in a research note on Wednesday, June 29th. MKM Partners reiterated a “hold” rating on shares of Masco Corp. in a research note on Wednesday, July 27th. Jefferies Group restated a “buy” rating on shares of Masco Corp. in a research note on Thursday, August 4th. Citigroup Inc. raised their price target on shares of Masco Corp. from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Finally, Royal Bank Of Canada raised their price target on shares of Masco Corp. from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.53.
In other news, VP Kenneth G. Cole sold 3,609 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $37.23, for a total value of $134,363.07. Following the transaction, the vice president now directly owns 79,192 shares of the company’s stock, valued at $2,948,318.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John G. Sznewajs sold 19,353 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $37.22, for a total transaction of $720,318.66. Following the completion of the transaction, the chief financial officer now directly owns 295,979 shares in the company, valued at $11,016,338.38. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Masco Corp. Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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