Strs Ohio cut its position in Masco Corporation (NYSE:MAS) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,957 shares of the construction company’s stock after selling 3,342 shares during the period. Strs Ohio’s holdings in Masco Corporation were worth $724,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its stake 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 in the last quarter. Pathstone Family Office LLC bought a new stake in shares of Masco Corporation during the first quarter worth $103,000. Trust Co. of Vermont raised its stake 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 in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake 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 in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Masco Corporation during the first quarter worth $202,000. 89.17% of the stock is owned by institutional investors.
Shares of Masco Corporation (NYSE:MAS) opened at 36.53 on Tuesday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 22.59 and a beta of 1.56. The company’s 50-day moving average is $37.94 and its 200 day moving average is $36.13. 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 quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Masco Corporation will post $1.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 14th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.09%. Masco Corporation’s dividend payout ratio (DPR) is presently 24.69%.
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A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Masco Corporation in a research note on Wednesday, April 26th. Longbow Research reaffirmed a “buy” rating and issued a $42.00 price target on shares of Masco Corporation in a research note on Tuesday, July 4th. BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. MKM Partners reaffirmed a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Masco Corporation in a research note on Friday, May 19th. Finally, Zacks Investment Research lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.79.
In other news, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now directly owns 91,154 shares in the company, valued at $3,480,259.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Manoogian sold 29,989 shares of Masco Corporation stock in a transaction that occurred on 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 in the company, valued at $22,924,832.04. The disclosure for this sale can be found here. Insiders sold 53,939 shares of company stock worth $2,020,987 over the last quarter. 1.30% of the stock is owned by corporate 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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