NBW Capital LLC Sells 813 Shares of Masco Corporation (MAS)
NBW Capital LLC cut its stake in shares of Masco Corporation (NYSE:MAS) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,886 shares of the construction company’s stock after selling 813 shares during the quarter. NBW Capital LLC’s holdings in Masco Corporation were worth $3,969,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MAS. Mckinley Capital Management LLC Delaware bought a new position in shares of Masco Corporation during the second quarter valued at approximately $101,000. Pathstone Family Office LLC bought a new position in shares of Masco Corporation during the first quarter valued at approximately $103,000. YorkBridge Wealth Partners LLC grew its holdings in shares of Masco Corporation by 4.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after purchasing an additional 127 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Masco Corporation by 4.4% during the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock valued at $113,000 after purchasing an additional 125 shares during the last quarter. Finally, Fiduciary Trust Co. bought a new position in shares of Masco Corporation during the second quarter valued at approximately $166,000. 88.38% of the stock is owned by institutional investors.
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Shares of Masco Corporation (NYSE MAS) traded up 0.64% during trading on Friday, reaching $39.23. The company had a trading volume of 1,755,644 shares. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.62. The firm has a 50-day moving average of $37.58 and a 200-day moving average of $37.00. The company has a market cap of $12.37 billion, a P/E ratio of 24.26 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. On average, equities research analysts anticipate that Masco Corporation will post $1.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.105 per share. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. Masco Corporation’s dividend payout ratio (DPR) is presently 24.69%.
In other news, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the completion of the sale, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the sale, the vice president now directly 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. In the last ninety days, insiders have sold 24,101 shares of company stock valued at $916,799. Company insiders own 1.30% of the company’s stock.
Several research firms have recently commented on MAS. Royal Bank Of Canada reaffirmed a “buy” rating and set a $43.00 target price on shares of Masco Corporation in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 target price 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 target price for the company in a report on Tuesday, September 26th. Longbow Research reaffirmed a “buy” rating and set a $42.00 target price on shares of Masco Corporation in a report on Tuesday, July 4th. Finally, BidaskClub lowered Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Masco Corporation has an average rating of “Buy” and a consensus price target of $40.92.
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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