ShearLink Capital LLC Purchases Shares of 339,000 Masco Corporation (MAS)
ShearLink Capital LLC purchased a new position in shares of Masco Corporation (NYSE:MAS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 339,000 shares of the company’s stock, valued at approximately $10,719,000. Masco Corporation comprises approximately 3.6% of ShearLink Capital LLC’s investment portfolio, making the stock its 16th largest position. ShearLink Capital LLC owned approximately 0.10% of Masco Corporation at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MAS. Exane Derivatives bought a new stake in Masco Corporation during the third quarter worth $7,906,000. Icon Advisers Inc. Co. increased its stake in Masco Corporation by 31.5% in the second quarter. Icon Advisers Inc. Co. now owns 359,000 shares of the company’s stock worth $11,107,000 after buying an additional 86,000 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Masco Corporation by 14.6% in the third quarter. BlackRock Investment Management LLC now owns 948,834 shares of the company’s stock worth $32,554,000 after buying an additional 121,180 shares during the last quarter. SG Americas Securities LLC increased its stake in Masco Corporation by 49.2% in the second quarter. SG Americas Securities LLC now owns 1,405,380 shares of the company’s stock worth $43,482,000 after buying an additional 463,412 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Masco Corporation during the third quarter worth $2,196,000. Institutional investors own 88.65% of the company’s stock.
Shares of Masco Corporation (NYSE:MAS) traded up 0.69% on Thursday, reaching $33.67. 3,012,393 shares of the company were exchanged. The firm has a market capitalization of $10.71 billion, a PE ratio of 22.90 and a beta of 1.51. The stock’s 50-day moving average is $32.75 and its 200 day moving average is $33.19. Masco Corporation has a 12-month low of $26.83 and a 12-month high of $37.38.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Masco Corporation had a net margin of 6.67% and a return on equity of 1,293.51%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Masco Corporation will post $1.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 13th. Stockholders of record on Friday, January 13th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, January 11th. Masco Corporation’s dividend payout ratio is presently 27.21%.
This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this story can be read at http://www.watchlistnews.com/shearlink-capital-llc-purchases-shares-of-339000-masco-corporation-mas/1120859.html.
A number of equities research analysts have recently weighed in on MAS shares. Royal Bank Of Canada reduced their price target on shares of Masco Corporation from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Evercore ISI started coverage on shares of Masco Corporation in a research note on Monday, November 14th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded shares of Masco Corporation from a “sell” rating to a “hold” rating in a research note on Monday, January 9th. Macquarie set a $40.00 price target on shares of Masco Corporation and gave the company an “outperform” rating in a research note on Friday, December 16th. Finally, RBC Capital Markets restated a “buy” rating and issued a $37.00 price target (down from $41.00) on shares of Masco Corporation in a research note on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Masco Corporation has an average rating of “Buy” and a consensus price target of $37.57.
Masco Corporation 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.
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS).
Receive News & Ratings for Masco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.