Masco Corporation (MAS) Position Maintained by FUKOKU MUTUAL LIFE INSURANCE Co
FUKOKU MUTUAL LIFE INSURANCE Co maintained its stake in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,400 shares of the construction company’s stock at the end of the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Masco Corporation were worth $206,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Masco Corporation during the 2nd quarter valued at about $101,000. Pathstone Family Office LLC acquired a new position in Masco Corporation during the 1st quarter worth approximately $103,000. YorkBridge Wealth Partners LLC lifted its position in Masco Corporation by 4.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after acquiring an additional 127 shares in the last quarter. Trust Co. of Vermont lifted its position in Masco Corporation by 4.4% during the 2nd quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after acquiring an additional 125 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in Masco Corporation during the 2nd quarter worth approximately $166,000. 88.38% of the stock is owned by institutional investors.
In related news, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares in the company, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. Insiders sold 24,101 shares of company stock valued at $916,799 over the last three months. 1.30% of the stock is owned by company insiders.
Masco Corporation (NYSE MAS) traded down 0.41% during midday trading on Wednesday, hitting $39.05. 231,303 shares of the stock traded hands. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.62. The company has a 50-day moving average of $37.41 and a 200-day moving average of $36.94. The stock has a market cap of $12.32 billion, a PE ratio of 24.15 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts expect that Masco Corporation will post $1.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 12th. Masco Corporation’s dividend payout ratio is currently 24.69%.
Several analysts have issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Masco Corporation in a research report on Tuesday, September 26th. MKM Partners reiterated a “buy” rating and set a $44.00 price objective (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Masco Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday. BidaskClub cut shares of Masco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Masco Corporation currently has a consensus rating of “Buy” and a consensus target price of $40.92.
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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