Shell Asset Management Co. decreased its position in shares of Masco Corporation (NYSE:MAS) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,173 shares of the construction company’s stock after selling 1,081 shares during the period. Shell Asset Management Co.’s holdings in Masco Corporation were worth $771,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. YorkBridge Wealth Partners LLC raised its position in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the period. Trust Co. of Vermont raised its position in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the period. Pathstone Family Office LLC acquired a new position in shares of Masco Corporation during the first quarter worth about $103,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the period. Finally, VNBTrust National Association acquired a new position in shares of Masco Corporation during the second quarter worth about $203,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.
Masco Corporation (NYSE MAS) opened at 36.45 on Friday. The company has a 50-day moving average price of $38.27 and a 200 day moving average price of $35.90. The firm has a market capitalization of $11.50 billion, a P/E ratio of 22.54 and a beta of 1.56. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37.
Masco Corporation (NYSE:MAS) last posted its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. Masco Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. Analysts expect that Masco Corporation will post $1.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. Masco Corporation’s payout ratio is 24.69%.
A number of research analysts have recently issued reports on the company. MKM Partners reiterated a “buy” rating and set a $44.00 target price (up previously from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. BidaskClub lowered Masco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC increased their target price on Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 target price on shares of Masco Corporation in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $40.79.
In other Masco Corporation news, VP Renee Straber sold 4,452 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the sale, the vice president now directly owns 65,961 shares in the company, valued at $2,544,775.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now owns 91,154 shares in the company, valued at $3,480,259.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,602 shares of company stock worth $6,528,540. 1.30% of the stock is owned by company insiders.
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.
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