Avestar Capital LLC acquired a new position in shares of Masco Corp (NYSE:MAS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,595 shares of the construction company’s stock, valued at approximately $231,000.
Other large investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in shares of Masco by 18.1% during the 1st quarter. Guggenheim Capital LLC now owns 71,710 shares of the construction company’s stock worth $2,479,000 after acquiring an additional 11,003 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Masco by 470.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,460 shares of the construction company’s stock valued at $1,178,000 after acquiring an additional 19,350 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Masco by 8.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 71,545 shares of the construction company’s stock worth $2,473,000 after buying an additional 5,578 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Masco during the 1st quarter worth approximately $1,691,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Masco during the 4th quarter worth approximately $1,562,000. 92.76% of the stock is owned by institutional investors.
A number of research analysts have weighed in on MAS shares. Raymond James lowered shares of Masco from a “strong-buy” rating to a “market perform” rating and set a $52.00 price target on the stock. in a research note on Friday, May 29th. SunTrust Banks lifted their price objective on shares of Masco from $52.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Deutsche Bank boosted their target price on shares of Masco from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group upgraded shares of Masco from a “hold” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $40.00 in a report on Friday, April 3rd. Finally, Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Wednesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.69.
In other Masco news, CAO John P. Lindow sold 1,246 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,300.00. Following the completion of the sale, the chief accounting officer now owns 22,712 shares of the company’s stock, valued at approximately $1,135,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John P. Lindow sold 5,674 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $49.00, for a total transaction of $278,026.00. Following the sale, the chief accounting officer now directly owns 23,958 shares of the company’s stock, valued at approximately $1,173,942. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.
Masco stock opened at $57.16 on Friday. The business has a 50 day moving average of $50.53 and a 200-day moving average of $44.69. Masco Corp has a 1 year low of $27.04 and a 1 year high of $57.85. The company has a debt-to-equity ratio of 68.16, a current ratio of 1.50 and a quick ratio of 1.32. The company has a market capitalization of $15.04 billion, a P/E ratio of 11.91, a P/E/G ratio of 2.34 and a beta of 1.49.
Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.20. Masco had a negative return on equity of 1,729.19% and a net margin of 19.23%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Masco Corp will post 2.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, July 10th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, July 9th. Masco’s dividend payout ratio is presently 24.00%.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.
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