Masco Corporation (NYSE:MAS) Shares Bought by NGAM Advisors L.P.
NGAM Advisors L.P. raised its position in shares of Masco Corporation (NYSE:MAS) by 23.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,368 shares of the construction company’s stock after buying an additional 10,523 shares during the period. NGAM Advisors L.P.’s holdings in Masco Corporation were worth $2,154,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC increased its stake in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Masco Corporation during the first quarter worth $103,000. Trust Co. of Vermont increased its stake in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake 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 during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Masco Corporation during the first quarter worth $202,000. 89.90% of the stock is owned by institutional investors.
Shares of Masco Corporation (NYSE:MAS) opened at 36.69 on Friday. The stock has a 50 day moving average of $38.21 and a 200-day moving average of $35.93. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.69 and a beta of 1.56. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37.
Masco Corporation (NYSE:MAS) last posted its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Masco Corporation will post $1.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, July 12th. Masco Corporation’s dividend payout ratio (DPR) is presently 24.69%.
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A number of brokerages have weighed in on MAS. Royal Bank Of Canada reissued a “buy” rating on shares of Masco Corporation in a report on Wednesday, April 26th. Longbow Research reissued a “buy” rating and issued a $42.00 price target on shares of Masco Corporation in a report on Tuesday, July 4th. BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. MKM Partners reissued a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Masco Corporation in a report on Friday, May 19th. Finally, Zacks Investment Research downgraded shares of Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.79.
In other news, VP Renee Straber sold 4,452 shares of Masco Corporation stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the transaction, the vice president now owns 65,961 shares in the company, valued at approximately $2,544,775.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the transaction, the insider now owns 91,154 shares in the company, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. Insiders have sold a total of 175,602 shares of company stock worth $6,528,540 in the last quarter. 1.30% of the stock is currently owned by company 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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