Masco Corporation (MAS) Stake Raised by Hills Bank & Trust Co.
Hills Bank & Trust Co. increased its position in shares of Masco Corporation (NYSE:MAS) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,935 shares of the construction company’s stock after buying an additional 75 shares during the period. Hills Bank & Trust Co.’s holdings in Masco Corporation were worth $838,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Masco Corporation by 1,387.4% in the first quarter. BlackRock Inc. now owns 27,895,055 shares of the construction company’s stock worth $948,149,000 after buying an additional 26,019,679 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Masco Corporation during the first quarter worth $105,662,000. Marshall Wace North America L.P. bought a new position in shares of Masco Corporation during the first quarter worth $105,662,000. APG Asset Management N.V. raised its position in shares of Masco Corporation by 66.4% in the first quarter. APG Asset Management N.V. now owns 4,014,128 shares of the construction company’s stock worth $136,440,000 after buying an additional 1,601,824 shares in the last quarter. Finally, Scout Investments Inc. raised its position in shares of Masco Corporation by 191.7% in the first quarter. Scout Investments Inc. now owns 1,255,758 shares of the construction company’s stock worth $39,494,000 after buying an additional 825,282 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.
Masco Corporation (MAS) traded up 0.89% during trading on Friday, hitting $38.33. 1,115,687 shares of the company’s stock traded hands. The stock has a market cap of $12.09 billion, a P/E ratio of 23.70 and a beta of 1.56. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37. The firm’s 50-day moving average price is $38.46 and its 200 day moving average price is $35.69.
Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company 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 earned $0.46 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Masco Corporation will post $1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, July 12th. Masco Corporation’s payout ratio is currently 24.69%.
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MAS has been the topic of a number of research reports. Royal Bank Of Canada raised their price target on shares of Masco Corporation from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Nomura initiated coverage on shares of Masco Corporation in a research note on Wednesday, April 12th. They issued a “buy” rating and a $39.00 price target on the stock. BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Instinet reissued a “buy” rating on shares of Masco Corporation in a research note on Friday, April 14th. Finally, Zacks Investment Research lowered shares of Masco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $40.79.
In related news, VP Renee Straber sold 4,452 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the sale, the vice president now directly owns 65,961 shares of the company’s stock, valued at approximately $2,544,775.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard A. Manoogian sold 61,340 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $36.99, for a total transaction of $2,268,966.60. Following the sale, the director now directly owns 716,885 shares of the company’s stock, valued at $26,517,576.15. The disclosure for this sale can be found here. Insiders sold 156,104 shares of company stock valued at $5,784,106 in the last three months. Company 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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