Stifel Financial Corp boosted its position in Masco Corp (NYSE:MAS) by 28.0% in the second quarter, HoldingsChannel reports. The firm owned 89,662 shares of the construction company’s stock after buying an additional 19,595 shares during the quarter. Stifel Financial Corp’s holdings in Masco were worth $4,502,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. bought a new position in shares of Masco during the 2nd quarter worth approximately $33,578,000. Atom Investors LP bought a new position in Masco during the second quarter valued at about $3,068,000. Advisor Group Holdings Inc. raised its position in Masco by 0.5% in the second quarter. Advisor Group Holdings Inc. now owns 49,103 shares of the construction company’s stock worth $2,464,000 after acquiring an additional 261 shares during the period. First Republic Investment Management Inc. boosted its stake in Masco by 88.5% in the second quarter. First Republic Investment Management Inc. now owns 65,591 shares of the construction company’s stock valued at $3,293,000 after acquiring an additional 30,795 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new position in shares of Masco during the 2nd quarter valued at approximately $1,987,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.

NYSE:MAS opened at $59.15 on Wednesday. The firm has a market capitalization of $15.47 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.46 and a beta of 1.51. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 64.11. The company has a fifty day moving average of $57.71 and a 200 day moving average of $46.95. Masco Corp has a 52 week low of $27.04 and a 52 week high of $60.10.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. Masco had a net margin of 19.23% and a negative return on equity of 1,729.19%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Masco Corp will post 2.7 EPS for the current year.

Several brokerages have issued reports on MAS. Robert W. Baird boosted their target price on Masco from $45.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Deutsche Bank increased their target price on shares of Masco from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. TheStreet raised shares of Masco from a “c+” rating to a “b” rating in a research report on Thursday, July 30th. Wells Fargo & Company raised their price objective on shares of Masco from $54.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, SunTrust Banks boosted their target price on shares of Masco from $52.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $52.69.

In other news, VP Renee Straber sold 49,447 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $57.22, for a total value of $2,829,357.34. Following the completion of the sale, the vice president now directly owns 78,300 shares of the company’s stock, valued at approximately $4,480,326. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO John P. Lindow sold 1,246 shares of Masco stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total transaction of $62,300.00. Following the sale, the chief accounting officer now directly owns 22,712 shares in the company, valued at approximately $1,135,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,940 shares of company stock worth $5,533,286. Corporate insiders own 1.23% of the company’s stock.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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