Duality Advisers LP purchased a new stake in Masco Corp (NYSE:MAS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,131 shares of the construction company’s stock, valued at approximately $1,212,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Avestar Capital LLC bought a new stake in shares of Masco during the 2nd quarter valued at approximately $231,000. Trust Co. of Virginia VA acquired a new stake in Masco in the second quarter valued at approximately $5,221,000. Pacer Advisors Inc. grew its stake in shares of Masco by 298.9% during the second quarter. Pacer Advisors Inc. now owns 24,308 shares of the construction company’s stock worth $1,221,000 after buying an additional 18,215 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Masco by 1.5% during the second quarter. CIBC Asset Management Inc now owns 25,034 shares of the construction company’s stock worth $1,257,000 after buying an additional 360 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Masco by 5.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,192,900 shares of the construction company’s stock valued at $59,896,000 after acquiring an additional 58,047 shares during the last quarter. Institutional investors own 92.76% of the company’s stock.
A number of equities analysts have issued reports on the company. Nomura Securities upped their target price on Masco from $38.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Raymond James cut Masco from a “strong-buy” rating to a “market perform” rating and set a $52.00 price target on the stock. in a report on Friday, May 29th. TheStreet upgraded shares of Masco from a “c+” rating to a “b” rating in a report on Thursday. KeyCorp boosted their target price on shares of Masco from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, Nomura Instinet upped their price target on shares of Masco from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.69.
In related news, CAO John P. Lindow sold 1,246 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $50.00, for a total value of $62,300.00. Following the completion of the sale, the chief accounting officer now directly owns 22,712 shares of the company’s stock, valued at approximately $1,135,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO John P. Lindow sold 5,674 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $49.00, for a total value of $278,026.00. Following the transaction, the chief accounting officer now directly owns 23,958 shares in the company, valued at $1,173,942. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.
Shares of Masco stock opened at $57.16 on Friday. The company has a market cap of $15.08 billion, a P/E ratio of 11.91, a PEG ratio of 2.34 and a beta of 1.49. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 68.16. The business has a 50-day moving average price of $50.53 and a two-hundred day moving average price of $44.69. Masco Corp has a 1-year low of $27.04 and a 1-year high of $57.85.
Masco (NYSE:MAS) last released its earnings results on Thursday, July 30th. The construction company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Masco had a negative return on equity of 1,729.19% and a net margin of 19.23%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Equities research analysts forecast that Masco Corp will post 2.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, July 9th. Masco’s dividend payout ratio (DPR) is 24.00%.
Masco Company Profile
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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