Robecosam AG lowered its stake in shares of Masco Corporation (NYSE:MAS) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 355,960 shares of the construction company’s stock after selling 55,678 shares during the quarter. Masco Corporation accounts for about 1.1% of Robecosam AG’s portfolio, making the stock its 25th largest position. Robecosam AG owned 0.11% of Masco Corporation worth $13,526,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new position in Masco Corporation in the second quarter valued at $101,000. Pathstone Family Office LLC purchased a new position in Masco Corporation in the first quarter valued at $103,000. YorkBridge Wealth Partners LLC increased its holdings in Masco Corporation by 4.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after buying an additional 127 shares during the last quarter. Trust Co. of Vermont increased its holdings in Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock valued at $113,000 after buying an additional 125 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new position in Masco Corporation in the second quarter valued at $166,000. 88.38% of the stock is currently owned by institutional investors and hedge funds.
Masco Corporation (NYSE MAS) traded down 0.24% during trading on Thursday, reaching $38.76. 711,281 shares of the company’s stock traded hands. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.62. The stock has a market capitalization of $12.22 billion, a P/E ratio of 23.97 and a beta of 1.54. The stock has a 50-day moving average price of $37.78 and a 200 day moving average price of $37.13.
Masco Corporation (NYSE:MAS) last released its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities research analysts expect that Masco Corporation will post $1.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.08%. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s payout ratio is presently 24.69%.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Masco Corporation in a report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a report on Monday, August 28th. MKM Partners reissued a “buy” rating and issued a $44.00 target price (up previously from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. Finally, Barclays PLC increased their target price on Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.92.
In other news, insider Joseph B. Gross sold 2,337 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the sale, the insider now owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the sale, the vice president now directly owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. Insiders sold a total of 24,101 shares of company stock valued at $916,799 in the last three months. Insiders own 1.30% of the company’s stock.
About Masco Corporation
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.
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS).
What are top analysts saying about Masco Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Masco Corporation and related companies.