State of Wisconsin Investment Board decreased its stake in Masco Corporation (NYSE:MAS) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 713,323 shares of the construction company’s stock after selling 13,860 shares during the period. State of Wisconsin Investment Board’s holdings in Masco Corporation were worth $27,256,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. LMR Partners LLP raised its stake in Masco Corporation by 464.6% in the second quarter. LMR Partners LLP now owns 52,832 shares of the construction company’s stock valued at $2,019,000 after buying an additional 43,474 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Masco Corporation during the second quarter valued at approximately $2,597,000. Advisors Asset Management Inc. boosted its stake in shares of Masco Corporation by 14.4% in the second quarter. Advisors Asset Management Inc. now owns 52,659 shares of the construction company’s stock valued at $2,012,000 after buying an additional 6,633 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Masco Corporation during the second quarter valued at approximately $290,000. Finally, Sigma Planning Corp boosted its stake in shares of Masco Corporation by 6.0% in the second quarter. Sigma Planning Corp now owns 6,952 shares of the construction company’s stock valued at $266,000 after buying an additional 392 shares during the period. 89.17% of the stock is owned by institutional investors and hedge funds.
Shares of Masco Corporation (NYSE MAS) opened at 36.47 on Friday. The firm has a market cap of $11.50 billion, a PE ratio of 22.55 and a beta of 1.56. The company’s 50-day moving average price is $38.03 and its 200-day moving average price is $36.04. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the business posted $0.46 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Masco Corporation will post $1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. Masco Corporation’s dividend payout ratio is 24.69%.
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Several analysts have recently commented on MAS shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Masco Corporation in a research report on Wednesday, April 26th. Zacks Investment Research raised Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 target price for the company in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $43.00 target price (up previously from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Deutsche Bank AG raised their target price on Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Masco Corporation in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.79.
In related news, VP Renee Straber sold 4,452 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $38.58, for a total value of $171,758.16. Following the completion of the sale, the vice president now directly owns 65,961 shares in the company, valued at approximately $2,544,775.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the completion of the sale, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,262 shares of company stock valued at $4,259,573. Company 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.
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