Advisors Capital Management LLC reduced its stake in shares of Masco Corporation (NYSE:MAS) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,340 shares of the construction company’s stock after selling 4,347 shares during the period. Advisors Capital Management LLC’s holdings in Masco Corporation were worth $6,929,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. YorkBridge Wealth Partners LLC boosted 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 valued at $102,000 after buying an additional 559 shares during the period. Pathstone Family Office LLC acquired a new position in shares of Masco Corporation during the first quarter valued at about $103,000. Trust Co. of Vermont boosted 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 valued at $113,000 after buying an additional 125 shares during the period. Edmond DE Rothschild Holding S.A. boosted 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 valued at $174,000 after buying an additional 106 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of Masco Corporation during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.

Shares of Masco Corporation (NYSE:MAS) traded down 0.46% during mid-day trading on Monday, hitting $38.74. 1,435,824 shares of the stock traded hands. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37. The company’s 50-day moving average price is $37.66 and its 200 day moving average price is $34.70. The company has a market capitalization of $12.25 billion, a PE ratio of 24.52 and a beta of 1.56.

Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Masco Corporation had a net margin of 7.04% and a return on equity of 19,054.54%. Masco Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. Equities research analysts forecast that Masco Corporation will post $1.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, July 12th. Masco Corporation’s payout ratio is 25.32%.

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A number of research firms have recently commented on MAS. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Masco Corporation in a research note on Wednesday, April 26th. Instinet reaffirmed a “buy” rating on shares of Masco Corporation in a research note on Friday, April 14th. Zacks Investment Research lowered shares of Masco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Longbow Research reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 4th. Finally, BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.89.

In related news, VP John P. Lindow sold 34,417 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $37.14, for a total value of $1,278,247.38. Following the transaction, the vice president now owns 102,434 shares in the company, valued at approximately $3,804,398.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Renee Straber sold 4,452 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the transaction, the vice president now owns 65,961 shares in the company, valued at approximately $2,544,775.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 194,401 shares of company stock worth $7,204,672. 1.30% of the stock is currently owned by company insiders.

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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