Robinson Value Management Ltd. Takes Position in Masco Corporation (MAS)
Robinson Value Management Ltd. acquired a new position in shares of Masco Corporation (NYSE:MAS) during the fourth quarter, Holdings Channel reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $316,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MAS. FMR LLC boosted its position in shares of Masco Corporation by 119.3% in the second quarter. FMR LLC now owns 13,777,625 shares of the company’s stock worth $426,281,000 after buying an additional 7,495,650 shares during the last quarter. Pioneer Investment Management Inc. acquired a new position in Masco Corporation during the third quarter worth about $141,100,000. UBS Asset Management Americas Inc. boosted its position in Masco Corporation by 208.4% in the third quarter. UBS Asset Management Americas Inc. now owns 2,477,150 shares of the company’s stock worth $84,991,000 after buying an additional 1,673,962 shares in the last quarter. Morgan Stanley boosted its position in Masco Corporation by 79.8% in the third quarter. Morgan Stanley now owns 3,405,018 shares of the company’s stock worth $116,827,000 after buying an additional 1,511,178 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Masco Corporation during the third quarter worth about $45,565,000. 88.86% of the stock is owned by institutional investors.
Masco Corporation (NYSE:MAS) remained flat at $32.05 during trading on Friday. The company had a trading volume of 2,417,008 shares. Masco Corporation has a 52-week low of $23.10 and a 52-week high of $37.38. The company has a market cap of $10.40 billion, a PE ratio of 23.12 and a beta of 1.56. The company’s 50 day moving average is $32.08 and its 200-day moving average is $33.22.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.03. Masco Corporation had a return on equity of 620.95% and a net margin of 6.40%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the business earned $0.34 earnings per share. Masco Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Masco Corporation will post $1.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Friday, January 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. Masco Corporation’s dividend payout ratio (DPR) is 28.78%.
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A number of research firms recently issued reports on MAS. Royal Bank Of Canada cut their price target on Masco Corporation from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Jefferies Group cut their price target on Masco Corporation from $42.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Wells Fargo & Company began coverage on Masco Corporation in a report on Wednesday, September 28th. They issued an “outperform” rating for the company. Evercore ISI began coverage on Masco Corporation in a report on Monday, November 14th. They issued a “buy” rating and a $40.00 price target for the company. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $37.00 price target (down from $41.00) on shares of Masco Corporation in a report on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Masco Corporation presently has a consensus rating of “Buy” and an average price target of $36.00.
In other news, Director Lisa A. Payne sold 5,657 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $30.11, for a total transaction of $170,332.27. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% 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: 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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