BLB&B Advisors LLC Lowers Stake in Masco Corp. (MAS)
BLB&B Advisors LLC lowered its stake in Masco Corp. (NYSE:MAS) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,029 shares of the company’s stock after selling 1,656 shares during the period. BLB&B Advisors LLC’s holdings in Masco Corp. were worth $3,123,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Boys Arnold & Co. Inc. bought a new stake in Masco Corp. during the second quarter valued at about $340,000. Capstone Asset Management Co. boosted its position in shares of Masco Corp. by 12.4% in the second quarter. Capstone Asset Management Co. now owns 47,203 shares of the company’s stock worth $1,460,000 after buying an additional 5,217 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Masco Corp. by 401.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 110,031 shares of the company’s stock worth $3,404,000 after buying an additional 88,077 shares during the period. Creative Planning boosted its position in shares of Masco Corp. by 71.4% in the second quarter. Creative Planning now owns 10,288 shares of the company’s stock worth $318,000 after buying an additional 4,284 shares during the period. Finally, Gateway Investment Advisers LLC boosted its position in shares of Masco Corp. by 4.8% in the second quarter. Gateway Investment Advisers LLC now owns 72,941 shares of the company’s stock worth $2,257,000 after buying an additional 3,309 shares during the period. 89.39% of the stock is currently owned by institutional investors.
Shares of Masco Corp. (NYSE:MAS) traded down 1.74% during trading on Wednesday, hitting $31.65. 3,935,982 shares of the stock traded hands. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 22.84 and a beta of 1.59. Masco Corp. has a 52 week low of $23.10 and a 52 week high of $37.38. The firm’s 50-day moving average price is $31.83 and its 200-day moving average price is $33.10.
Masco Corp. (NYSE:MAS) last announced its earnings results on Tuesday, October 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $2.88 billion. Masco Corp. had a return on equity of 620.95% and a net margin of 6.40%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. On average, equities research analysts anticipate that Masco Corp. will post $1.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, October 14th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.26%. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. Masco Corp.’s dividend payout ratio is presently 28.78%.
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A number of research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Masco Corp. in a research report on Monday, November 14th. They set a “buy” rating and a $40.00 price target on the stock. Jefferies Group reduced their price target on shares of Masco Corp. from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. MKM Partners raised shares of Masco Corp. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $40.00 to $36.00 in a research report on Wednesday, October 26th. RBC Capital Markets reaffirmed a “buy” rating and set a $37.00 price target (down from $41.00) on shares of Masco Corp. in a research report on Wednesday, October 26th. Finally, Royal Bank Of Canada reduced their price target on shares of Masco Corp. from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.56.
In other news, Director Lisa A. Payne sold 5,657 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $30.11, for a total value of $170,332.27. Following the completion of the sale, the director now directly owns 88,697 shares of the company’s stock, valued at $2,670,666.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.
Masco Corp. Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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