Boys Arnold & Co. Inc. trimmed its holdings in shares of Masco Corporation (NYSE:MAS) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,793 shares of the construction company’s stock after selling 4,025 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Masco Corporation were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in MAS. OppenheimerFunds Inc. grew its stake in Masco Corporation by 1.5% during the 1st quarter. OppenheimerFunds Inc. now owns 26,718 shares of the construction company’s stock worth $908,000 after buying an additional 404 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Masco Corporation by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 910,526 shares of the construction company’s stock worth $30,947,000 after buying an additional 9,759 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in Masco Corporation during the 1st quarter worth $652,000. 10 15 Associates Inc. grew its stake in Masco Corporation by 1.9% during the 1st quarter. 10 15 Associates Inc. now owns 223,341 shares of the construction company’s stock worth $7,591,000 after buying an additional 4,131 shares during the last quarter. Finally, FNY Partners Fund LP grew its stake in Masco Corporation by 1,900.0% during the 1st quarter. FNY Partners Fund LP now owns 10,000 shares of the construction company’s stock worth $339,000 after buying an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.
In related news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the transaction, the chief financial officer now owns 391,443 shares of the company’s stock, valued at $15,591,174.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following 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. In the last three months, insiders have sold 93,638 shares of company stock worth $3,690,544. Corporate insiders own 1.30% of the company’s stock.
Several research analysts recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $43.00 target price on shares of Masco Corporation in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $45.00 target price on shares of Masco Corporation in a research note on Wednesday, July 19th. FBR & Co restated a “buy” rating and set a $46.00 target price (up from $43.00) on shares of Masco Corporation in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Longbow Research restated a “buy” rating and set a $42.00 target price on shares of Masco Corporation in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Masco Corporation presently has a consensus rating of “Buy” and an average price target of $42.71.
Shares of Masco Corporation (MAS) traded up 0.96% during trading on Tuesday, hitting $39.87. The stock had a trading volume of 636,605 shares. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $41.10. The stock’s 50-day moving average is $38.77 and its 200-day moving average is $37.71. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 24.66 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Masco Corporation will post $1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio (DPR) is currently 25.00%.
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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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