Montag A & Associates Inc. cut its stake in shares of Masco Corporation (NYSE:MAS) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,551 shares of the construction company’s stock after selling 3,050 shares during the quarter. Montag A & Associates Inc.’s holdings in Masco Corporation were worth $4,820,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Veritable L.P. grew its holdings in shares of Masco Corporation by 0.7% during the second quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock valued at $344,000 after purchasing an additional 59 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of Masco Corporation by 0.4% during the second quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock valued at $634,000 after purchasing an additional 63 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Masco Corporation by 1.6% during the second quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after purchasing an additional 89 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Masco Corporation by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock valued at $757,000 after purchasing an additional 100 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Masco Corporation by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock valued at $286,000 after purchasing an additional 105 shares during the last quarter. 89.53% of the stock is owned by institutional investors.
MAS has been the subject of several recent research reports. Robert W. Baird upped their target price on Masco Corporation from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Citigroup Inc. upped their target price on Masco Corporation from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Barclays PLC increased their price objective on Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Credit Suisse Group set a $36.00 price objective on Masco Corporation and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, FBR & Co reissued a “buy” rating and issued a $46.00 price objective (up from $43.00) on shares of Masco Corporation in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Masco Corporation presently has a consensus rating of “Buy” and a consensus price target of $42.71.
Masco Corporation (MAS) traded up $0.28 on Tuesday, reaching $38.89. The company’s stock had a trading volume of 2,039,000 shares, compared to its average volume of 2,654,878. The firm has a market capitalization of $12,145.37, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.56. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. Masco Corporation has a 12-month low of $30.08 and a 12-month high of $41.10.
Masco Corporation (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. research analysts predict that Masco Corporation will post 1.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, October 12th. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio is 25.00%.
In other news, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John P. Lindow sold 17,026 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the sale, the vice president now owns 101,681 shares of the company’s stock, valued at approximately $4,074,357.67. The disclosure for this sale can be found here. Insiders have sold a total of 74,140 shares of company stock valued at $2,946,110 in the last quarter. Insiders own 1.30% of the company’s stock.
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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