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%.

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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.

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

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