Enterprise Financial Services Corp Has $442,000 Position in Masco Corp. (MAS)
Enterprise Financial Services Corp reduced its position in Masco Corp. (NYSE:MAS) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 14,270 shares of the company’s stock after selling 200 shares during the period. Enterprise Financial Services Corp’s holdings in Masco Corp. were worth $442,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in Masco Corp. by 1.8% in the first quarter. Bessemer Group Inc. now owns 3,334 shares of the company’s stock worth $105,000 after buying an additional 58 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Masco Corp. during the second quarter worth approximately $213,000. Reynolds Capital Management LLC bought a new stake in shares of Masco Corp. during the first quarter worth approximately $214,000. ING Groep NV increased its stake in shares of Masco Corp. by 2.4% in the first quarter. ING Groep NV now owns 7,669 shares of the company’s stock worth $241,000 after buying an additional 180 shares during the period. Finally, Conning Inc. increased its stake in shares of Masco Corp. by 2.4% in the second quarter. Conning Inc. now owns 8,421 shares of the company’s stock worth $261,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.
Masco Corp. (NYSE:MAS) traded down 0.98% during trading on Tuesday, reaching $33.47. 3,507,405 shares of the company’s stock traded hands. Masco Corp. has a 12 month low of $23.10 and a 12 month high of $37.38. The firm has a market cap of $10.92 billion, a PE ratio of 25.41 and a beta of 1.83. The firm has a 50 day moving average price of $34.13 and a 200-day moving average price of $33.12.
Masco Corp. (NYSE:MAS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco Corp. had a net margin of 6.12% and a return on equity of 780.00%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, analysts forecast that Masco Corp. will post $1.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Friday, October 14th will be given a $0.10 dividend. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, October 12th. Masco Corp.’s payout ratio is currently 30.53%.
A number of equities research analysts have recently commented on MAS shares. Jefferies Group reiterated a “buy” rating on shares of Masco Corp. in a research report on Wednesday, July 6th. Deutsche Bank AG increased their price objective on Masco Corp. from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded Masco Corp. from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 4th. Wells Fargo & Co. started coverage on Masco Corp. in a research report on Wednesday, September 28th. They set an “outperform” rating for the company. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $34.00 price objective on shares of Masco Corp. in a research report on Wednesday, June 29th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Masco Corp. presently has an average rating of “Buy” and an average target price of $35.53.
In related news, Director Richard A. Manoogian sold 35,244 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $36.30, for a total value of $1,279,357.20. Following the sale, the director now directly owns 765,739 shares of the company’s stock, valued at approximately $27,796,325.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard A. Manoogian sold 44,008 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $36.68, for a total transaction of $1,614,213.44. Following the completion of the sale, the director now directly owns 818,711 shares in the company, valued at $30,030,319.48. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
Masco Corp. Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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