State Board of Administration of Florida Retirement System maintained its stake in shares of Masco Corporation (NYSE:MAS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 514,175 shares of the construction company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.16% of Masco Corporation worth $19,647,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. YorkBridge Wealth Partners LLC increased its stake in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the last quarter. Pathstone Family Office LLC bought a new stake in shares of Masco Corporation during the first quarter worth approximately $103,000. Trust Co. of Vermont increased its stake in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Masco Corporation during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 89.17% of the company’s stock.

Masco Corporation (MAS) opened at 36.31 on Friday. The firm’s 50 day moving average price is $37.79 and its 200-day moving average price is $36.19. The firm has a market cap of $11.45 billion, a PE ratio of 22.46 and a beta of 1.56. Masco Corporation has a one year low of $29.38 and a one year high of $39.37.

Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Equities analysts predict that Masco Corporation will post $1.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, July 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, July 12th. Masco Corporation’s payout ratio is 24.69%.

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A number of analysts have recently commented on MAS shares. BidaskClub upgraded Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada restated a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a research note on Wednesday, May 31st. MKM Partners restated a “buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Masco Corporation in a research note on Friday, May 19th. Instinet restated a “buy” rating and issued a $41.00 target price (up previously from $39.00) on shares of Masco Corporation in a research note on Friday, May 19th. Finally, Longbow Research restated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a research note on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.79.

In related news, VP Renee Straber sold 4,452 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $38.58, for a total value of $171,758.16. Following the completion of the sale, the vice president now owns 65,961 shares in the company, valued at approximately $2,544,775.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 29,989 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the completion of the sale, the director now owns 622,281 shares of the company’s stock, valued at approximately $22,924,832.04. The disclosure for this sale can be found here. Insiders have sold 53,939 shares of company stock valued at $2,020,987 over the last 90 days. 1.30% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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