Arrow Financial Corp Has $3.78 Million Position in Masco Corporation (MAS)
Arrow Financial Corp increased its stake in shares of Masco Corporation (NYSE:MAS) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 98,888 shares of the construction company’s stock after buying an additional 511 shares during the period. Masco Corporation accounts for 0.9% of Arrow Financial Corp’s investment portfolio, making the stock its 27th largest position. Arrow Financial Corp’s holdings in Masco Corporation were worth $3,779,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock valued at $102,000 after buying an additional 559 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock valued at $113,000 after buying an additional 125 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of Masco Corporation during the first quarter valued at approximately $103,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock valued at $174,000 after buying an additional 106 shares during the last quarter. Finally, VNBTrust National Association bought a new stake in shares of Masco Corporation during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 89.90% of the company’s stock.
Masco Corporation (NYSE MAS) opened at 37.63 on Wednesday. The stock has a 50 day moving average price of $38.44 and a 200 day moving average price of $35.75. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 23.27 and a beta of 1.56. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37.
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 consensus estimate of $0.60. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities analysts expect that Masco Corporation will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 annualized dividend and a yield of 1.06%. Masco Corporation’s dividend payout ratio (DPR) is 24.69%.
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Several brokerages recently commented on MAS. MKM Partners reiterated a “buy” rating and set a $44.00 target price (up from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. BidaskClub downgraded Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Barclays PLC raised their target price on Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 target price on shares of Masco Corporation in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $40.79.
In other Masco Corporation news, Director Richard A. Manoogian sold 29,989 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $36.84, for a total value of $1,104,794.76. Following the completion of the transaction, the director now owns 622,281 shares of the company’s stock, valued at approximately $22,924,832.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard A. O’reagan sold 19,498 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the completion of 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 175,602 shares of company stock valued at $6,528,540. 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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