Pathstone Family Office LLC Maintains Stake in Masco Corporation (MAS)

Pathstone Family Office LLC continued to hold its stake in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,027 shares of the construction company’s stock at the end of the 2nd quarter. Pathstone Family Office LLC’s holdings in Masco Corporation were worth $116,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Stanley Laman Group Ltd. boosted its stake in shares of Masco Corporation by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after acquiring an additional 63 shares in the last quarter. Hills Bank & Trust Co. boosted its stake in shares of Masco Corporation by 0.3% during the 2nd quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after acquiring an additional 75 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Masco Corporation by 1.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock worth $209,000 after acquiring an additional 89 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Masco Corporation by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after acquiring an additional 100 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Masco Corporation by 2.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after acquiring an additional 106 shares in the last quarter. 88.38% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on MAS. Royal Bank Of Canada reissued a “buy” rating and set a $43.00 price target on shares of Masco Corporation in a research note on Wednesday, May 31st. Longbow Research reissued a “buy” rating and set a $42.00 price target on shares of Masco Corporation in a research note on Tuesday, July 4th. BidaskClub raised Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Robert W. Baird reissued a “buy” rating and set a $42.00 price target on shares of Masco Corporation in a research note on Monday, August 28th. Finally, MKM Partners reissued a “buy” rating and set a $44.00 price target (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.93.

In other Masco Corporation news, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph B. Gross sold 2,337 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,101 shares of company stock valued at $916,799. Insiders own 1.30% of the company’s stock.

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Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis.

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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Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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