Masco Corporation (MAS) Position Maintained by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ held its stake in shares of Masco Corporation (NYSE:MAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the construction company’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in Masco Corporation were worth $382,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MAS. BlackRock Inc. increased its stake in shares of Masco Corporation by 1,387.4% in the first quarter. BlackRock Inc. now owns 27,895,055 shares of the construction company’s stock worth $948,149,000 after buying an additional 26,019,679 shares in the last quarter. FMR LLC increased its stake in shares of Masco Corporation by 1.2% in the first quarter. FMR LLC now owns 19,095,444 shares of the construction company’s stock worth $649,054,000 after buying an additional 235,564 shares in the last quarter. Boston Partners increased its stake in shares of Masco Corporation by 7.4% in the first quarter. Boston Partners now owns 8,887,709 shares of the construction company’s stock worth $302,093,000 after buying an additional 611,363 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in shares of Masco Corporation by 6.3% in the first quarter. Pioneer Investment Management Inc. now owns 6,679,450 shares of the construction company’s stock worth $227,035,000 after buying an additional 392,963 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Masco Corporation by 11.7% in the second quarter. APG Asset Management N.V. now owns 4,484,628 shares of the construction company’s stock worth $171,358,000 after buying an additional 470,500 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Masco Corporation (NYSE:MAS) opened at 37.20 on Thursday. The stock has a 50 day moving average of $38.34 and a 200 day moving average of $35.90. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37. The company has a market capitalization of $11.73 billion, a PE ratio of 23.01 and a beta of 1.56.

Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Masco Corporation will post $1.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, July 12th. Masco Corporation’s payout ratio is presently 24.69%.

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A number of equities research analysts recently weighed in on MAS shares. Barclays PLC boosted their price objective on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Credit Suisse Group set a $36.00 price objective on shares of Masco Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Instinet reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. 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. Finally, Zacks Investment Research raised shares of Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research report on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $40.79.

In other Masco Corporation news, Director Richard A. Manoogian sold 61,340 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $36.99, for a total value of $2,268,966.60. Following the completion of the sale, the director now owns 716,885 shares in the company, valued at approximately $26,517,576.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Manoogian sold 29,989 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the completion of the sale, the director now owns 622,281 shares of the company’s stock, valued at approximately $22,924,832.04. The disclosure for this sale can be found here. Insiders sold a total of 175,602 shares of company stock valued at $6,528,540 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

About Masco Corporation

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

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