Chicago Equity Partners LLC trimmed its holdings in shares of Masco Corporation (NYSE:MAS) by 50.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,390 shares of the construction company’s stock after selling 22,150 shares during the quarter. Chicago Equity Partners LLC’s holdings in Masco Corporation were worth $817,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. KBC Group NV raised its stake in shares of Masco Corporation by 12.5% during the 2nd quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock worth $1,454,000 after buying an additional 4,223 shares during the period. BlackRock Inc. raised its stake in shares of Masco Corporation by 1,387.4% during the 1st quarter. BlackRock Inc. now owns 27,895,055 shares of the construction company’s stock worth $948,149,000 after buying an additional 26,019,679 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Masco Corporation during the 1st quarter worth approximately $402,000. Stifel Financial Corp raised its stake in shares of Masco Corporation by 8.1% during the 1st quarter. Stifel Financial Corp now owns 93,575 shares of the construction company’s stock worth $3,188,000 after buying an additional 7,027 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Masco Corporation by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 1,566,035 shares of the construction company’s stock worth $59,839,000 after buying an additional 62,170 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.
In other Masco Corporation news, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was 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 owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Renee Straber sold 4,452 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total value of $171,758.16. Following the transaction, the vice president now directly owns 65,961 shares of the company’s stock, valued at approximately $2,544,775.38. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Shares of Masco Corporation (NYSE MAS) opened at 37.57 on Monday. Masco Corporation has a one year low of $29.38 and a one year high of $39.37. The firm has a 50-day moving average price of $37.27 and a 200 day moving average price of $36.40. The stock has a market capitalization of $11.85 billion, a PE ratio of 23.23 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting 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%. Masco Corporation’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts expect that Masco Corporation will post $1.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, July 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.06%. The ex-dividend date was Wednesday, July 12th. Masco Corporation’s payout ratio is 24.69%.
MAS has been the subject of several research analyst reports. BidaskClub raised Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Masco Corporation in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $43.00 target price on shares of Masco Corporation in a research note on Wednesday, May 31st. Zacks Investment Research downgraded Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Credit Suisse Group initiated coverage on Masco Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $36.00 target price for the company. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $40.93.
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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