Wagner Bowman Management Corp Sells 1,775 Shares of Masco Corp (NYSE:MAS)

Wagner Bowman Management Corp cut its position in shares of Masco Corp (NYSE:MAS) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,199 shares of the construction company’s stock after selling 1,775 shares during the quarter. Wagner Bowman Management Corp’s holdings in Masco were worth $949,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in shares of Masco in the first quarter valued at approximately $29,000. TRUE Private Wealth Advisors acquired a new stake in shares of Masco in the second quarter valued at approximately $30,000. Ellis Investment Partners LLC acquired a new stake in shares of Masco in the first quarter valued at approximately $38,000. Zions Bancorporation N.A. acquired a new stake in shares of Masco in the first quarter valued at approximately $44,000. Finally, SevenBridge Financial Group LLC lifted its position in shares of Masco by 271.3% in the second quarter. SevenBridge Financial Group LLC now owns 1,218 shares of the construction company’s stock valued at $48,000 after buying an additional 890 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

NYSE MAS traded up $0.50 during midday trading on Friday, hitting $38.50. The company had a trading volume of 619,791 shares, compared to its average volume of 3,193,655. The company has a market capitalization of $11.34 billion, a PE ratio of 15.40, a P/E/G ratio of 1.64 and a beta of 1.44. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 39.03. The firm has a 50-day moving average price of $39.34 and a 200-day moving average price of $38.48. Masco Corp has a twelve month low of $27.03 and a twelve month high of $42.58.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Masco had a return on equity of 792.80% and a net margin of 8.77%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. On average, equities analysts anticipate that Masco Corp will post 2.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, July 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.25%. Masco’s payout ratio is 19.20%.

Several research firms recently weighed in on MAS. TheStreet cut Masco from a “b” rating to a “c+” rating in a report on Friday, July 26th. Bank of America reissued a “buy” rating and set a $56.00 price target (up from $43.00) on shares of Masco in a report on Monday, May 6th. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating and set a $44.00 price target for the company in a report on Monday, July 29th. Robert W. Baird set a $48.00 price target on Masco and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Raymond James set a $50.00 price target on Masco and gave the stock a “buy” rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Masco presently has an average rating of “Buy” and an average price target of $45.27.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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