WINTON GROUP Ltd Decreases Holdings in Masco Corporation (MAS)
WINTON GROUP Ltd cut its holdings in shares of Masco Corporation (NYSE:MAS) by 42.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,099 shares of the construction company’s stock after selling 37,657 shares during the quarter. WINTON GROUP Ltd’s holdings in Masco Corporation were worth $1,991,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Masco Corporation during the second quarter worth approximately $101,000. YorkBridge Wealth Partners LLC raised its stake 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 worth $110,000 after acquiring an additional 127 shares in the last quarter. Trust Co. of Vermont raised its stake 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 worth $113,000 after acquiring an additional 125 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of Masco Corporation during the first quarter worth approximately $103,000. Finally, Fiduciary Trust Co. purchased a new position in shares of Masco Corporation during the second quarter worth approximately $166,000. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on MAS shares. Robert W. Baird restated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a report on Monday, August 28th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 target price on shares of Masco Corporation in a report on Wednesday, July 19th. Zacks Investment Research cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Credit Suisse Group started coverage on shares of Masco Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $36.00 target price on the stock. Finally, Barclays PLC raised their target price on shares of Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Masco Corporation has an average rating of “Buy” and a consensus target price of $40.92.
Shares of Masco Corporation (NYSE:MAS) opened at 38.57 on Thursday. The company has a market cap of $12.16 billion, a PE ratio of 23.85 and a beta of 1.54. The stock’s 50 day moving average is $38.13 and its 200-day moving average is $37.31. Masco Corporation has a one year low of $29.38 and a one year high of $39.62.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Masco Corporation will post $1.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be given a dividend of $0.105 per share. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.09%. Masco Corporation’s dividend payout ratio is presently 25.93%.
In related news, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.18, for a total transaction of $744,433.64. Following the sale, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total value of $84,657.76. Following the sale, the vice president now directly owns 85,693 shares in the company, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. Insiders have sold a total of 24,101 shares of company stock worth $916,799 in the last three months. Corporate 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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