Commerce Bank raised its position in Masco Corporation (NYSE:MAS) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,100 shares of the construction company’s stock after purchasing an additional 332 shares during the quarter. Commerce Bank’s holdings in Masco Corporation were worth $500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in Masco Corporation in the first quarter valued at $402,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Masco Corporation by 11.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,788 shares of the construction company’s stock valued at $944,000 after buying an additional 2,933 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Masco Corporation by 57.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 10,241 shares of the construction company’s stock valued at $348,000 after acquiring an additional 3,741 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Masco Corporation by 12.8% in the first quarter. Advisors Asset Management Inc. now owns 46,026 shares of the construction company’s stock valued at $1,564,000 after acquiring an additional 5,234 shares in the last quarter. Finally, Henderson Group PLC boosted its stake in Masco Corporation by 2.8% in the first quarter. Henderson Group PLC now owns 48,368 shares of the construction company’s stock valued at $1,645,000 after acquiring an additional 1,300 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors.
Masco Corporation (NYSE MAS) opened at 38.09 on Friday. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 23.56 and a beta of 1.54. The company’s 50 day moving average is $37.16 and its 200 day moving average is $36.60.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. Masco Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities analysts anticipate that Masco Corporation will post $1.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.10%. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s payout ratio is 24.69%.
Several equities analysts have issued reports on MAS shares. Robert W. Baird restated a “buy” rating and issued a $42.00 price objective on shares of Masco Corporation in a research note on Monday, August 28th. BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Masco Corporation in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a report on Wednesday, May 31st. Finally, Zacks Investment Research cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $40.93.
In other Masco Corporation news, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the transaction, the vice president now owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the transaction, the insider now directly owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,101 shares of company stock valued at $916,799. 1.30% of the stock is owned by insiders.
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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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