ETRADE Capital Management LLC Takes $273,000 Position in Masco Corporation (MAS)
ETRADE Capital Management LLC purchased a new position in Masco Corporation (NYSE:MAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,145 shares of the construction company’s stock, valued at approximately $273,000.
A number of other large investors also recently bought and sold shares of MAS. 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% during the 2nd quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after purchasing an additional 125 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Masco Corporation during the 2nd quarter worth about $166,000. Kings Point Capital Management boosted its position in shares of Masco Corporation by 50.0% during the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Masco Corporation by 2.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.
A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Masco Corporation in a report on Wednesday, July 19th. Zacks Investment Research raised Masco Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 26th. Longbow Research reissued 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 downgraded Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.92.
In other Masco Corporation news, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.18, for a total transaction of $744,433.64. Following the completion of the transaction, the insider now owns 91,154 shares in the company, valued at $3,480,259.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kenneth G. Cole sold 2,266 shares of Masco Corporation stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total value of $84,657.76. Following the transaction, the vice president now owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. Insiders sold a total of 24,101 shares of company stock worth $916,799 in the last 90 days. 1.30% of the stock is currently owned by company insiders.
Masco Corporation (NYSE:MAS) opened at 39.01 on Monday. Masco Corporation has a 52 week low of $29.38 and a 52 week high of $39.37. The company has a market capitalization of $12.30 billion, a PE ratio of 24.12 and a beta of 1.54. The firm’s 50-day moving average price is $37.16 and its 200 day moving average price is $36.60.
Masco Corporation (NYSE:MAS) last released its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Masco Corporation will post $1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be paid a $0.105 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.08%. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio is presently 24.69%.
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Masco Corporation 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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