Masco Corporation (MAS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Masco Corporation (NYSE:MAS) by 26.6% during the first quarter, Holdings Channel reports. The firm owned 39,464 shares of the construction company’s stock after buying an additional 8,290 shares during the period. Victory Capital Management Inc.’s holdings in Masco Corporation were worth $1,341,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MAS. Clinton Group Inc. acquired a new stake in shares of Masco Corporation during the first quarter valued at about $1,503,000. Stifel Financial Corp increased its stake in shares of Masco Corporation by 8.1% in the first quarter. Stifel Financial Corp now owns 93,575 shares of the construction company’s stock valued at $3,188,000 after buying an additional 7,027 shares during the period. Quantbot Technologies LP increased its stake in shares of Masco Corporation by 50.0% in the first quarter. Quantbot Technologies LP now owns 31,807 shares of the construction company’s stock valued at $1,081,000 after buying an additional 10,609 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in shares of Masco Corporation by 2.2% in the first quarter. Meiji Yasuda Life Insurance Co now owns 35,980 shares of the construction company’s stock valued at $1,223,000 after buying an additional 780 shares during the period. Finally, Congress Asset Management Co. MA increased its stake in shares of Masco Corporation by 15.2% in the first quarter. Congress Asset Management Co. MA now owns 1,779,084 shares of the construction company’s stock valued at $60,471,000 after buying an additional 234,103 shares during the period. Institutional investors own 89.49% of the company’s stock.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

Shares of Masco Corporation (NYSE MAS) opened at 39.14 on Tuesday. Masco Corporation has a 52-week low of $29.11 and a 52-week high of $39.20. The firm has a market capitalization of $12.37 billion, a PE ratio of 24.77 and a beta of 1.58. The stock has a 50 day moving average price of $37.23 and a 200-day moving average price of $34.33.

Masco Corporation (NYSE:MAS) last announced its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Masco Corporation had a return on equity of 19,054.54% and a net margin of 7.04%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Masco Corporation will post $1.96 EPS for the current year.

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Several brokerages have issued reports on MAS. BidaskClub upgraded Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $43.00 price objective on shares of Masco Corporation in a research report on Wednesday, May 31st. MKM Partners reaffirmed a “buy” rating and set a $43.00 price objective (up from $40.00) on shares of Masco Corporation in a research report on Friday, May 19th. Instinet reaffirmed a “buy” rating and set a $41.00 price objective (up from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Masco Corporation in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.76.

In related news, Director Richard A. Manoogian sold 61,340 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $36.99, for a total value of $2,268,966.60. Following the transaction, the director now owns 716,885 shares in the company, valued at $26,517,576.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lokeren Mary Ann Van sold 3,880 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $36.68, for a total value of $142,318.40. Following the completion of the transaction, the director now owns 68,306 shares in the company, valued at approximately $2,505,464.08. The disclosure for this sale can be found here. Insiders sold a total of 194,401 shares of company stock worth $7,204,672 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Masco Corporation Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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