Signet Financial Management LLC reduced its stake in shares of Masco Corp (NYSE:MAS) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,827 shares of the construction company’s stock after selling 15,396 shares during the period. Masco accounts for 1.3% of Signet Financial Management LLC’s investment portfolio, making the stock its 12th biggest holding. Signet Financial Management LLC owned 0.06% of Masco worth $6,757,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rational Advisors LLC raised its holdings in Masco by 111.6% during the second quarter. Rational Advisors LLC now owns 658 shares of the construction company’s stock valued at $26,000 after buying an additional 347 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in Masco by 94.5% in the 2nd quarter. Johnson Financial Group Inc. now owns 706 shares of the construction company’s stock worth $27,000 after purchasing an additional 343 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Masco in the 1st quarter worth approximately $29,000. TRUE Private Wealth Advisors bought a new stake in Masco during the second quarter worth approximately $30,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Masco during the second quarter valued at approximately $30,000. 90.83% of the stock is currently owned by institutional investors and hedge funds.
Masco stock traded up $0.70 on Wednesday, hitting $43.07. The company’s stock had a trading volume of 2,072,350 shares, compared to its average volume of 2,446,890. Masco Corp has a one year low of $27.03 and a one year high of $42.58. The firm has a market cap of $12.17 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 39.03. The company has a fifty day moving average price of $39.99 and a 200-day moving average price of $39.01.
Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Masco had a net margin of 8.77% and a return on equity of 792.80%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts anticipate that Masco Corp will post 2.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, July 12th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.11%. Masco’s payout ratio is presently 19.20%.
A number of equities analysts have recently commented on MAS shares. Raymond James set a $50.00 price target on shares of Masco and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird set a $48.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating and set a $44.00 target price on the stock in a report on Monday, July 29th. TheStreet lowered shares of Masco from a “b” rating to a “c+” rating in a research report on Friday, July 26th. Finally, Barclays set a $45.00 price target on shares of Masco and gave the company a “buy” rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.60.
In related news, CFO John G. Sznewajs sold 85,473 shares of Masco stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $40.88, for a total transaction of $3,494,136.24. Following the completion of the transaction, the chief financial officer now directly owns 318,403 shares of the company’s stock, valued at approximately $13,016,314.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.17% of the stock is currently owned by company insiders.
Masco Company 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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