First Capital Advisors Group LLC. Cuts Position in Masco Corporation (NYSE:MAS)
First Capital Advisors Group LLC. cut its position in shares of Masco Corporation (NYSE:MAS) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 17,191 shares of the construction company’s stock after selling 1,650 shares during the period. First Capital Advisors Group LLC.’s holdings in Masco Corporation were worth $657,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of MAS. Boys Arnold & Co. Inc. boosted its stake in shares of Masco Corporation by 99.5% in the first quarter. Boys Arnold & Co. Inc. now owns 21,950 shares of the construction company’s stock worth $746,000 after buying an additional 10,950 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Masco Corporation by 0.3% in the first quarter. Bollard Group LLC now owns 42,445 shares of the construction company’s stock worth $1,443,000 after buying an additional 124 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Masco Corporation during the first quarter worth $323,000. DnB Asset Management AS boosted its stake in shares of Masco Corporation by 30.9% in the first quarter. DnB Asset Management AS now owns 46,569 shares of the construction company’s stock worth $1,583,000 after buying an additional 11,000 shares in the last quarter. Finally, Iowa State Bank boosted its stake in shares of Masco Corporation by 3.2% in the first quarter. Iowa State Bank now owns 51,930 shares of the construction company’s stock worth $1,765,000 after buying an additional 1,615 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.
Masco Corporation (NYSE MAS) opened at 36.45 on Friday. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37. The stock has a market cap of $11.50 billion, a PE ratio of 22.54 and a beta of 1.56. The firm has a 50-day moving average price of $38.27 and a 200 day moving average price of $35.90.
Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Masco Corporation will post $1.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, July 12th. Masco Corporation’s payout ratio is currently 24.69%.
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A number of equities research analysts have weighed in on the company. Credit Suisse Group assumed coverage on Masco Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $36.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 18th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub upgraded Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Jefferies Group LLC restated a “buy” rating and set a $45.00 price target on shares of Masco Corporation in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Masco Corporation currently has an average rating of “Buy” and an average price target of $40.79.
In other Masco Corporation news, Director Richard A. Manoogian sold 29,989 shares of Masco Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the sale, the director now owns 622,281 shares of the company’s stock, valued at approximately $22,924,832.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 61,340 shares of Masco Corporation stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $36.99, for a total value of $2,268,966.60. Following the sale, the director now directly owns 716,885 shares in the company, valued at approximately $26,517,576.15. The disclosure for this sale can be found here. Insiders have sold a total of 175,602 shares of company stock worth $6,528,540 in the last ninety days. 1.30% of the stock is owned by company insiders.
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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