Yorktown Management & Research Co Inc continued to hold its stake in Masco Corporation (NYSE:MAS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,200 shares of the construction company’s stock at the end of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Masco Corporation were worth $352,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of MAS. Pathstone Family Office LLC bought a new stake in shares of Masco Corporation in the first quarter valued at about $103,000. Trust Co. of Vermont lifted its holdings 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 valued at $113,000 after purchasing an additional 125 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Masco Corporation in the second quarter valued at about $166,000. Kings Point Capital Management lifted its holdings in shares of Masco Corporation by 50.0% in the second quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock valued at $172,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in Masco Corporation by 2.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

MAS has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and set a $42.00 target price on shares of Masco Corporation in a report on Monday, August 28th. BidaskClub upgraded Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reiterated a “buy” rating and set a $45.00 target price on shares of Masco Corporation in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 target price on shares of Masco Corporation in a report on Wednesday, May 31st. Finally, Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Masco Corporation has a consensus rating of “Buy” and a consensus target price of $40.93.

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In related news, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the completion of the transaction, the insider now directly owns 91,154 shares in the company, valued at approximately $3,480,259.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph B. Gross sold 2,337 shares of Masco Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.53, for a total transaction of $87,707.61. Following the completion of the transaction, the insider now owns 56,935 shares of the company’s stock, valued at $2,136,770.55. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Masco Corporation (NYSE:MAS) traded down 0.19% during trading on Friday, hitting $37.31. The stock had a trading volume of 2,178,802 shares. The firm has a 50 day moving average price of $37.22 and a 200-day moving average price of $36.52. The firm has a market capitalization of $11.77 billion, a PE ratio of 23.07 and a beta of 1.54. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37.

Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 last year, the business posted $0.46 EPS. Masco Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Masco Corporation will post $1.98 EPS for the current year.

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

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