Catalyst Capital Advisors LLC Invests $290,000 in Masco Corporation (NYSE:MAS)
Catalyst Capital Advisors LLC purchased a new position in Masco Corporation (NYSE:MAS) during the second quarter, Holdings Channel reports. The fund purchased 7,600 shares of the construction company’s stock, valued at approximately $290,000.
Several other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of Masco Corporation during the first quarter worth approximately $288,000. Sky Investment Group LLC boosted its stake in shares of Masco Corporation by 1.3% in the first quarter. Sky Investment Group LLC now owns 105,345 shares of the construction company’s stock worth $3,581,000 after buying an additional 1,355 shares in the last quarter. Boys Arnold & Co. Inc. boosted its stake in shares of Masco Corporation by 99.5% in the first quarter. Boys Arnold & Co. Inc. now owns 21,950 shares of the construction company’s stock worth $746,000 after buying an additional 10,950 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Masco Corporation by 0.3% in the first quarter. Bollard Group LLC now owns 42,445 shares of the construction company’s stock worth $1,443,000 after buying an additional 124 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Masco Corporation during the first quarter worth approximately $323,000. 89.17% of the stock is currently owned by hedge funds and other institutional investors.
Masco Corporation (MAS) opened at 37.30 on Tuesday. The company has a market capitalization of $11.76 billion, a PE ratio of 23.07 and a beta of 1.56. The stock’s 50 day moving average price is $38.16 and its 200 day moving average price is $36.00. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Masco Corporation will post $1.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.07%. Masco Corporation’s payout ratio is currently 24.69%.
WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/catalyst-capital-advisors-llc-invests-290000-in-masco-corporation-nysemas/1489749.html.
A number of analysts have recently commented on the company. Credit Suisse Group assumed coverage on Masco Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $36.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $43.00 price target on shares of Masco Corporation in a research report on Tuesday, July 18th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised Masco Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $45.00 price target on shares of Masco Corporation in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.79.
In other news, Director Richard A. Manoogian sold 60,323 shares of Masco Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $37.11, for a total transaction of $2,238,586.53. Following the completion of the sale, the director now directly owns 622,281 shares in the company, valued at $23,092,847.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard A. Manoogian sold 61,340 shares of Masco Corporation stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $36.99, for a total transaction of $2,268,966.60. Following the sale, the director now owns 716,885 shares of the company’s stock, valued at $26,517,576.15. The disclosure for this sale can be found here. Insiders have sold 175,602 shares of company stock valued at $6,528,540 over the last quarter. Insiders own 1.30% of the company’s stock.
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.
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.