Commonwealth Bank of Australia raised its holdings in Masco Corporation (NYSE:MAS) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,543 shares of the construction company’s stock after purchasing an additional 89 shares during the quarter. Commonwealth Bank of Australia’s holdings in Masco Corporation were worth $209,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MAS. UBS Asset Management Americas Inc. boosted its holdings in Masco Corporation by 7.9% in the first quarter. UBS Asset Management Americas Inc. now owns 2,762,661 shares of the construction company’s stock valued at $93,903,000 after purchasing an additional 201,337 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Masco Corporation by 5.9% in the first quarter. Engineers Gate Manager LP now owns 7,200 shares of the construction company’s stock valued at $245,000 after purchasing an additional 404 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Masco Corporation by 26.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,761 shares of the construction company’s stock valued at $808,000 after purchasing an additional 4,941 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Masco Corporation by 52.8% in the first quarter. Toronto Dominion Bank now owns 86,528 shares of the construction company’s stock valued at $2,940,000 after purchasing an additional 29,895 shares during the last quarter. Finally, Pioneer Investment Management Inc. boosted its holdings in Masco Corporation by 6.3% in the first quarter. Pioneer Investment Management Inc. now owns 6,679,450 shares of the construction company’s stock valued at $227,035,000 after purchasing an additional 392,963 shares during the last quarter. 88.38% of the stock is currently owned by institutional investors.

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Masco Corporation (MAS) opened at 37.25 on Tuesday. The firm has a 50 day moving average of $37.18 and a 200-day moving average of $36.58. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37. The firm has a market cap of $11.75 billion, a P/E ratio of 23.04 and a beta of 1.54.

Masco Corporation (NYSE:MAS) last issued its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts forecast that Masco Corporation will post $1.98 earnings per share for the current year.

In other news, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph B. Gross sold 2,337 shares of Masco Corporation stock in a transaction dated 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 sale, the insider now directly owns 56,935 shares in the company, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Several research firms have commented on MAS. MKM Partners reaffirmed a “buy” rating and issued a $44.00 price target (up from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. BidaskClub lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Longbow Research reaffirmed a “buy” rating and issued a $42.00 price target on shares of Masco Corporation in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 price target on shares of Masco Corporation in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.93.

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

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