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.

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

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%.

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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.

5 Day Chart for NYSE:MAS

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