Wesbanco Bank Inc. Has $3.75 Million Position in Masco Corporation (MAS)
Wesbanco Bank Inc. decreased its position in shares of Masco Corporation (NYSE:MAS) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,001 shares of the construction company’s stock after selling 6,059 shares during the period. Wesbanco Bank Inc.’s holdings in Masco Corporation were worth $3,745,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in MAS. YorkBridge Wealth Partners LLC raised its stake in 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. Trust Co. of Vermont raised its stake in 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. Pathstone Family Office LLC bought a new stake in Masco Corporation during the first quarter worth about $103,000. Kings Point Capital Management raised its stake in Masco Corporation by 50.0% in the second quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after buying an additional 1,500 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in 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. Institutional investors own 88.48% of the company’s stock.
Masco Corporation (NYSE:MAS) traded up 0.372% during trading on Wednesday, hitting $36.445. The stock had a trading volume of 378,387 shares. The company has a 50-day moving average of $37.80 and a 200 day moving average of $36.19. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37. The firm has a market cap of $11.49 billion, a P/E ratio of 22.539 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The company had revenue of $2.06 billion during 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%. Masco Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities research analysts predict that Masco Corporation will post $1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, July 14th were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. Masco Corporation’s payout ratio is 24.69%.
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A number of analysts recently issued reports on the company. MKM Partners reiterated a “buy” rating and set a $44.00 price objective (up from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. Robert W. Baird reiterated a “buy” rating and set a $42.00 price objective on shares of Masco Corporation in a research note on Monday. BidaskClub lowered Masco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Longbow Research reiterated a “buy” rating and set a $42.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.93.
In other Masco Corporation news, insider Richard A. O’reagan sold 19,498 shares of the 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 completion of the sale, the insider now owns 91,154 shares in the company, valued at approximately $3,480,259.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Renee Straber sold 4,452 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the sale, the vice president now owns 65,961 shares of the company’s stock, valued at approximately $2,544,775.38. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate 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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