Blue Rock Advisors LLC bought a new position in shares of Masco Corporation (NYSE:MAS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,036 shares of the construction company’s stock, valued at approximately $470,000.
Several other large investors have also made changes to their positions in MAS. Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 9,759 shares in the last quarter. Creative Planning boosted its position in shares of Masco Corporation by 30.7% during the 2nd quarter. Creative Planning now owns 18,490 shares of the construction company’s stock worth $706,000 after acquiring an additional 4,345 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Masco Corporation during the 2nd quarter worth approximately $248,000. OLD National Bancorp IN acquired a new stake in shares of Masco Corporation during the 2nd quarter worth approximately $228,000. Finally, LS Investment Advisors LLC boosted its position in shares of Masco Corporation by 6.3% during the 2nd quarter. LS Investment Advisors LLC now owns 13,723 shares of the construction company’s stock worth $524,000 after acquiring an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.
MAS has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and set a $42.00 price target on shares of Masco Corporation in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Masco Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Credit Suisse Group set a $36.00 price target on shares of Masco Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Barclays PLC increased their price target on shares of Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Masco Corporation in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.88.
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 Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. Masco Corporation’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. sell-side analysts expect that Masco Corporation will post 1.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio (DPR) is presently 24.85%.
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In other news, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $38.85, for a total transaction of $654,622.50. Following the completion of the transaction, the director now owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were 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 directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock valued at $3,600,733 in the last ninety days. Insiders own 1.30% of the company’s stock.
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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