Municipal Employees Retirement System of Michigan reduced its position in Masco Corporation (NYSE:MAS) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,650 shares of the construction company’s stock after selling 6,130 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Masco Corporation were worth $1,057,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. increased its stake in Masco Corporation by 0.4% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 320,702 shares of the construction company’s stock worth $12,254,000 after buying an additional 1,185 shares during the last quarter. Congress Asset Management Co. MA increased its stake in Masco Corporation by 8.3% in the second quarter. Congress Asset Management Co. MA now owns 1,927,387 shares of the construction company’s stock worth $73,645,000 after buying an additional 148,303 shares during the last quarter. 1ST Source Bank increased its stake in Masco Corporation by 0.9% in the second quarter. 1ST Source Bank now owns 47,317 shares of the construction company’s stock worth $1,808,000 after buying an additional 407 shares during the last quarter. Personal Capital Advisors Corp increased its stake in Masco Corporation by 30.8% in the second quarter. Personal Capital Advisors Corp now owns 221,803 shares of the construction company’s stock worth $8,475,000 after buying an additional 52,175 shares during the last quarter. Finally, Boston Advisors LLC bought a new stake in Masco Corporation during the second quarter worth about $1,017,000. Institutional investors own 89.90% of the company’s stock.

Masco Corporation (NYSE:MAS) opened at 36.45 on Friday. The company has a 50-day moving average of $38.27 and a 200-day moving average of $35.90. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 22.54 and a beta of 1.56. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37.

Masco Corporation (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts predict that Masco Corporation will post $1.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, July 12th. Masco Corporation’s dividend payout ratio is presently 24.69%.

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A number of research firms have issued reports on MAS. Zacks Investment Research downgraded shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. MKM Partners reiterated a “buy” rating and issued a $44.00 target price (up previously from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. Barclays PLC increased their target price on shares of Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Credit Suisse Group set a $36.00 target price on shares of Masco Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub downgraded shares of Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.79.

In other Masco Corporation news, insider Richard A. O’reagan sold 19,498 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the sale, the insider now directly owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Renee Straber sold 4,452 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the sale, the vice president now directly owns 65,961 shares in the company, valued at $2,544,775.38. The disclosure for this sale can be found here. In the last three months, insiders sold 175,602 shares of company stock worth $6,528,540. 1.30% of the stock is currently owned by 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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Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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