Renaissance Technologies LLC decreased its stake in shares of Masco Corporation (NYSE:MAS) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 513,000 shares of the construction company’s stock after selling 40,600 shares during the quarter. Renaissance Technologies LLC owned about 0.16% of Masco Corporation worth $19,602,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Masco Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock worth $1,192,431,000 after purchasing an additional 778,320 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Masco Corporation by 9.9% in the 2nd quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after purchasing an additional 2,763,057 shares in the last quarter. FMR LLC increased its holdings in shares of Masco Corporation by 7.5% in the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock worth $784,657,000 after purchasing an additional 1,439,946 shares in the last quarter. Boston Partners increased its holdings in shares of Masco Corporation by 53.1% in the 2nd quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock worth $519,757,000 after purchasing an additional 4,714,941 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Masco Corporation by 31.3% in the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock worth $315,096,000 after purchasing an additional 1,963,938 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.
In related news, insider Richard A. O’reagan sold 19,498 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the transaction, the insider now directly owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph B. Gross sold 2,337 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 56,935 shares in the company, valued at $2,136,770.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,101 shares of company stock worth $916,799. 1.30% of the stock is owned by insiders.
Shares of Masco Corporation (MAS) opened at 39.04 on Friday. Masco Corporation has a one year low of $29.38 and a one year high of $39.62. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 24.14 and a beta of 1.54. The company has a 50 day moving average price of $37.84 and a 200 day moving average price of $37.14.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Masco Corporation will post $1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be given a $0.105 dividend. 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. The ex-dividend date is Thursday, October 12th. Masco Corporation’s dividend payout ratio is presently 24.69%.
MAS has been the subject of a number of research analyst reports. Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Barclays PLC lifted their target price on Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. 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. Credit Suisse Group set a $36.00 target price on Masco Corporation and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, KeyCorp reissued a “hold” rating on shares of Masco Corporation in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.92.
Masco Corporation Company 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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