Strategic Global Advisors LLC lessened its position in shares of Masco Corporation (NYSE:MAS) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,740 shares of the construction company’s stock after selling 3,270 shares during the quarter. Strategic Global Advisors LLC’s holdings in Masco Corporation were worth $1,595,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Masco Corporation by 9.9% during the 2nd quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock valued at $1,171,447,000 after buying an additional 2,763,057 shares during the period. FMR LLC raised its position in shares of Masco Corporation by 1.2% during the 1st quarter. FMR LLC now owns 19,095,444 shares of the construction company’s stock valued at $649,054,000 after buying an additional 235,564 shares during the period. Boston Partners raised its position in shares of Masco Corporation by 53.1% during the 2nd quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock valued at $519,757,000 after buying an additional 4,714,941 shares during the period. Pioneer Investment Management Inc. raised its position in shares of Masco Corporation by 17.6% during the 2nd quarter. Pioneer Investment Management Inc. now owns 7,855,227 shares of the construction company’s stock valued at $300,149,000 after buying an additional 1,175,777 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Masco Corporation by 11.7% during the 2nd quarter. APG Asset Management N.V. now owns 4,484,628 shares of the construction company’s stock valued at $171,358,000 after buying an additional 470,500 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Masco Corporation (MAS) traded down 0.19% during trading on Friday, hitting $37.31. 2,178,802 shares of the company’s stock traded hands. The stock has a market cap of $11.77 billion, a P/E ratio of 23.07 and a beta of 1.54. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37. The firm’s 50-day moving average price is $37.22 and its 200 day moving average price is $36.52.

Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Masco Corporation’s revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Masco Corporation will post $1.98 earnings per share for the current fiscal year.

Several analysts have recently commented on MAS shares. Barclays PLC lifted their price target on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Credit Suisse Group set a $36.00 price target on shares of Masco Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Instinet reaffirmed a “buy” rating and set a $41.00 price target (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Zacks Investment Research lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Masco Corporation in a research report on Wednesday, July 19th. Four equities 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 a consensus price target of $40.93.

In other news, insider Joseph B. Gross sold 2,337 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the transaction, the insider now owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard A. O’reagan sold 19,498 shares of the firm’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 completion of the transaction, the insider now directly owns 91,154 shares in the company, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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Masco Corporation 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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