Masco Corporation (MAS) Shares Bought by Advisor Partners LLC
Advisor Partners LLC boosted its position in Masco Corporation (NYSE:MAS) by 7.7% during the second quarter, Holdings Channel reports. The fund owned 7,603 shares of the construction company’s stock after buying an additional 543 shares during the period. Advisor Partners LLC’s holdings in Masco Corporation were worth $291,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC purchased a new stake in Masco Corporation during the fourth quarter worth approximately $402,000. Chevy Chase Trust Holdings Inc. increased its stake in Masco Corporation by 0.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 280,341 shares of the construction company’s stock worth $9,528,000 after buying an additional 1,591 shares during the last quarter. Creative Planning increased its stake in Masco Corporation by 13.4% in the first quarter. Creative Planning now owns 14,145 shares of the construction company’s stock worth $481,000 after buying an additional 1,673 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Masco Corporation by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 106,518 shares of the construction company’s stock worth $3,620,000 after buying an additional 1,800 shares during the last quarter. Finally, National Pension Service increased its stake in Masco Corporation by 5.4% in the first quarter. National Pension Service now owns 320,459 shares of the construction company’s stock worth $10,838,000 after buying an additional 16,515 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.
Masco Corporation (NYSE:MAS) opened at 36.69 on Friday. The stock has a market capitalization of $11.57 billion, a PE ratio of 22.69 and a beta of 1.56. The firm has a 50-day moving average of $38.21 and a 200-day moving average of $35.93. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37.
Masco Corporation (NYSE:MAS) last announced its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts expect that Masco Corporation will post $1.97 EPS 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 issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 annualized dividend and a yield of 1.09%. Masco Corporation’s dividend payout ratio (DPR) is presently 24.69%.
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A number of brokerages recently weighed in on MAS. Instinet reaffirmed a “buy” rating on shares of Masco Corporation in a research report on Friday, April 14th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Masco Corporation in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price target for the company in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $43.00 price target (up from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG upped their price target on shares of Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.79.
In related news, Director Richard A. Manoogian sold 61,340 shares of Masco Corporation stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $36.99, for a total value of $2,268,966.60. Following the transaction, the director now owns 716,885 shares in the company, valued at approximately $26,517,576.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard A. Manoogian sold 29,989 shares of Masco Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the completion of the transaction, the director now owns 622,281 shares in the company, valued at approximately $22,924,832.04. The disclosure for this sale can be found here. Insiders sold a total of 175,602 shares of company stock worth $6,528,540 in 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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