Columbus Circle Investors Sells 1,167,542 Shares of Masco Corporation (MAS)
Columbus Circle Investors decreased its holdings in Masco Corporation (NYSE:MAS) by 75.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 386,700 shares of the construction company’s stock after selling 1,167,542 shares during the quarter. Columbus Circle Investors owned 0.12% of Masco Corporation worth $15,085,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. KBC Group NV boosted its stake in Masco Corporation by 12.5% in the 2nd quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 4,223 shares during the period. State of Tennessee Treasury Department boosted its stake in Masco Corporation by 19.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 199,990 shares of the construction company’s stock worth $7,642,000 after purchasing an additional 32,532 shares during the period. Calamos Advisors LLC boosted its stake in Masco Corporation by 29.1% in the 2nd quarter. Calamos Advisors LLC now owns 989,188 shares of the construction company’s stock worth $37,797,000 after purchasing an additional 223,177 shares during the period. MUFG Securities EMEA plc acquired a new position in Masco Corporation in the 2nd quarter worth approximately $10,508,000. Finally, Franklin Resources Inc. acquired a new position in Masco Corporation in the 2nd quarter worth approximately $2,824,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.
In other news, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the transaction, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction dated 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 owns 85,693 shares in the company, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,990 shares of company stock worth $3,600,733. Insiders own 1.30% of the company’s stock.
Shares of Masco Corporation (NYSE:MAS) traded up $0.22 on Monday, reaching $39.36. 1,394,700 shares of the company traded hands, compared to its average volume of 2,639,972. The company has a market cap of $12,380.00, a P/E ratio of 21.39, a PEG ratio of 1.22 and a beta of 1.56. Masco Corporation has a 12-month low of $30.08 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.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities research analysts forecast that Masco Corporation will post 1.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were issued a dividend of $0.105 per share. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. Masco Corporation’s payout ratio is presently 24.85%.
A number of research firms recently commented on MAS. B. Riley reaffirmed a “buy” rating on shares of Masco Corporation in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Masco Corporation in a research note on Tuesday, September 26th. MKM Partners reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. BidaskClub lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.88.
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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