Old Mutual Global Investors UK Ltd. Invests $14.96 Million in Masco Corporation (MAS) Stock
Old Mutual Global Investors UK Ltd. acquired a new position in Masco Corporation (NYSE:MAS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 383,393 shares of the construction company’s stock, valued at approximately $14,956,000. Old Mutual Global Investors UK Ltd. owned 0.12% of Masco Corporation as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of MAS. Mckinley Capital Management LLC Delaware acquired a new position in Masco Corporation in the 2nd quarter worth approximately $101,000. YorkBridge Wealth Partners LLC boosted its stake in Masco Corporation by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after purchasing an additional 127 shares during the period. Trust Co. of Vermont boosted its stake in Masco Corporation by 4.4% in the 2nd quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after purchasing an additional 125 shares during the period. Advisory Services Network LLC boosted its stake in Masco Corporation by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares during the period. Finally, Fiduciary Trust Co. acquired a new position in Masco Corporation in the 2nd quarter worth approximately $166,000. 89.79% of the stock is owned by hedge funds and other institutional investors.
In other Masco Corporation news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.83, for a total value of $2,091,513.13. Following the sale, the chief financial officer now directly owns 391,443 shares in the company, valued at approximately $15,591,174.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John P. Lindow sold 17,026 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the completion of the sale, the vice president now owns 101,681 shares in the company, valued at $4,074,357.67. The disclosure for this sale can be found here. Insiders sold a total of 74,140 shares of company stock worth $2,946,110 over the last quarter. 1.30% of the stock is currently owned by company insiders.
Masco Corporation (NYSE:MAS) opened at $39.08 on Wednesday. Masco Corporation has a 12 month low of $30.04 and a 12 month high of $41.10. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The stock has a market cap of $12,337.25, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.21 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. equities analysts anticipate that Masco Corporation will post 1.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. Masco Corporation’s dividend payout ratio (DPR) is presently 25.00%.
A number of research firms recently commented on MAS. Wells Fargo & Company lowered shares of Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research note on Wednesday, October 25th. Nomura set a $45.00 price objective on shares of Masco Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Masco Corporation in a research note on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 18th. Finally, B. Riley reiterated a “buy” rating on shares of Masco Corporation in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Masco Corporation presently has a consensus rating of “Buy” and an average target price of $42.71.
About Masco Corporation
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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