CIBC Asset Management Inc cut its position in shares of Masco Corporation (NYSE:MAS) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,385 shares of the construction company’s stock after selling 65 shares during the period. CIBC Asset Management Inc’s holdings in Masco Corporation were worth $1,237,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hills Bank & Trust Co. increased its position in shares of Masco Corporation by 0.3% in the second quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after buying an additional 75 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Masco Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after buying an additional 100 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased 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 worth $174,000 after buying an additional 106 shares in the last quarter. Bollard Group LLC increased its position in shares of Masco Corporation by 0.3% in the second quarter. Bollard Group LLC now owns 42,560 shares of the construction company’s stock worth $1,626,000 after buying an additional 115 shares in the last quarter. Finally, Atria Investments LLC increased its position in shares of Masco Corporation by 0.9% in the second quarter. Atria Investments LLC now owns 13,642 shares of the construction company’s stock worth $521,000 after buying an additional 121 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Shares of Masco Corporation (NYSE MAS) opened at 36.69 on Friday. The company has a 50 day moving average price of $38.21 and a 200 day moving average price of $35.93. Masco Corporation has a 52 week low of $29.38 and a 52 week high of $39.37. The company has a market cap of $11.57 billion, a PE ratio of 22.69 and a beta of 1.56.

Masco Corporation (NYSE:MAS) last announced its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm earned $0.46 EPS. Masco Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Masco Corporation will post $1.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, July 12th. Masco Corporation’s dividend payout ratio is presently 24.69%.

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A number of brokerages have recently weighed in on MAS. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Masco Corporation in a report on Wednesday, July 19th. Longbow Research reiterated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a report on Tuesday, July 4th. Zacks Investment Research upgraded Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a report on Wednesday, April 26th. Finally, BidaskClub downgraded Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $40.79.

In other Masco Corporation news, Director Richard A. Manoogian sold 61,340 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 716,885 shares of the company’s stock, valued at approximately $26,517,576.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the transaction, the insider now directly owns 91,154 shares in the company, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. In the last three months, insiders sold 175,602 shares of company stock worth $6,528,540. 1.30% of the stock is owned by 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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