Masco Corp. (MAS) Stake Lowered by US Bancorp DE
US Bancorp DE reduced its stake in Masco Corp. (NYSE:MAS) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,570 shares of the company’s stock after selling 4,915 shares during the period. US Bancorp DE’s holdings in Masco Corp. were worth $12,851,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MAS. IFP Advisors Inc increased its position in Masco Corp. by 2.5% in the second quarter. IFP Advisors Inc now owns 4,000 shares of the company’s stock valued at $124,000 after buying an additional 96 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Masco Corp. by 1,368.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,477 shares of the company’s stock valued at $169,000 after buying an additional 5,104 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Masco Corp. during the second quarter valued at approximately $174,000. Pacer Advisors Inc. boosted its position in shares of Masco Corp. by 8.6% in the second quarter. Pacer Advisors Inc. now owns 6,221 shares of the company’s stock valued at $192,000 after buying an additional 495 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new position in shares of Masco Corp. during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.
Shares of Masco Corp. (NYSE:MAS) remained flat at $32.16 on Tuesday. 1,081,187 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.44 billion, a PE ratio of 23.20 and a beta of 1.59. Masco Corp. has a 52 week low of $23.10 and a 52 week high of $37.38. The company’s 50 day moving average price is $31.88 and its 200 day moving average price is $33.09.
Masco Corp. (NYSE:MAS) last posted its earnings results on Tuesday, October 25th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $2.88 billion. Masco Corp. had a net margin of 6.40% and a return on equity of 620.95%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that Masco Corp. will post $1.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, October 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This is an increase from Masco Corp.’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. Masco Corp.’s dividend payout ratio (DPR) is currently 28.78%.
Several equities analysts recently commented on MAS shares. Jefferies Group reaffirmed a “buy” rating on shares of Masco Corp. in a research note on Thursday, August 4th. MKM Partners raised shares of Masco Corp. from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $40.00 to $36.00 in a research note on Wednesday, October 26th. Zacks Investment Research raised shares of Masco Corp. from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 4th. Bank of America Corp. started coverage on shares of Masco Corp. in a research note on Friday, September 23rd. They set a “buy” rating and a $41.00 price objective for the company. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $37.00 price objective (down previously from $41.00) on shares of Masco Corp. in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.56.
In related news, Director Lisa A. Payne sold 5,657 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $30.11, for a total value of $170,332.27. Following the completion of the sale, the director now directly owns 88,697 shares in the company, valued at $2,670,666.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is 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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