Mitsubishi UFJ Trust & Banking Corp lessened its stake in Masco Corp (NYSE:MAS) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 635,636 shares of the construction company’s stock after selling 6,070 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Masco worth $24,796,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Masco in the 2nd quarter valued at $101,000. YorkBridge Wealth Partners LLC boosted its holdings in shares of Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after purchasing an additional 127 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares during the last quarter. Fiduciary Trust Co. acquired a new position in shares of Masco in the 2nd quarter valued at $166,000. Finally, Kings Point Capital Management boosted its holdings in shares of Masco by 50.0% in the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock valued at $172,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.
In related news, Director Lokeren Mary Ann Van sold 16,850 shares of Masco 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 sale, the director now owns 47,909 shares of the company’s stock, valued at approximately $1,861,264.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph B. Gross sold 2,337 shares of Masco stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the sale, the insider now directly owns 56,935 shares in the company, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 90,990 shares of company stock worth $3,600,733 in the last ninety days. 1.30% of the stock is currently owned by insiders.
A number of brokerages have weighed in on MAS. Wells Fargo & Company lowered shares of Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price target on the stock. in a report on Wednesday, October 25th. Nomura set a $45.00 price target on shares of Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. Raymond James Financial reiterated a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Masco in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $42.88.
Shares of Masco Corp (NYSE:MAS) traded down $0.83 during mid-day trading on Thursday, hitting $42.15. 3,054,300 shares of the stock were exchanged, compared to its average volume of 2,641,996. Masco Corp has a fifty-two week low of $31.22 and a fifty-two week high of $43.79. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. The stock has a market cap of $13,310.00, a P/E ratio of 23.36, a PEG ratio of 1.33 and a beta of 1.59.
Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the business posted $0.41 EPS. The business’s revenue was up 3.1% on a year-over-year basis. equities analysts forecast that Masco Corp will post 1.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were paid a dividend of $0.105 per share. This is an increase from Masco’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 12th. This represents a $0.42 annualized dividend and a yield of 1.00%. Masco’s payout ratio is 24.85%.
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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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