SG Americas Securities LLC Lowers Stake in Masco Corporation (MAS)

SG Americas Securities LLC reduced its stake in Masco Corporation (NYSE:MAS) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,395,823 shares of the construction company’s stock after selling 39,632 shares during the period. SG Americas Securities LLC owned approximately 0.44% of Masco Corporation worth $47,444,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MAS. Stifel Financial Corp boosted its stake in Masco Corporation by 8.1% in the first quarter. Stifel Financial Corp now owns 93,575 shares of the construction company’s stock worth $3,188,000 after buying an additional 7,027 shares during the period. Quantbot Technologies LP raised its position in shares of Masco Corporation by 50.0% in the first quarter. Quantbot Technologies LP now owns 31,807 shares of the construction company’s stock worth $1,081,000 after buying an additional 10,609 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its stake in Masco Corporation by 2.2% in the first quarter. Meiji Yasuda Life Insurance Co now owns 35,980 shares of the construction company’s stock valued at $1,223,000 after buying an additional 780 shares during the period. Congress Asset Management Co. MA raised its stake in Masco Corporation by 15.2% in the first quarter. Congress Asset Management Co. MA now owns 1,779,084 shares of the construction company’s stock valued at $60,471,000 after buying an additional 234,103 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Masco Corporation during the first quarter valued at approximately $291,000. Hedge funds and other institutional investors own 89.37% of the company’s stock.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

Shares of Masco Corporation (NYSE MAS) traded down 0.03% during mid-day trading on Friday, hitting $38.58. The stock had a trading volume of 3,651,933 shares. The stock has a market cap of $12.20 billion, a P/E ratio of 24.42 and a beta of 1.58. Masco Corporation has a 52 week low of $29.11 and a 52 week high of $38.87. The stock has a 50-day moving average price of $37.14 and a 200 day moving average price of $34.18.

Masco Corporation (NYSE:MAS) last issued its earnings results on Tuesday, April 25th. The construction company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Masco Corporation had a net margin of 7.04% and a return on equity of 19,054.54%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Masco Corporation will post $1.96 EPS for the current fiscal year.

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A number of equities analysts have issued reports on MAS shares. Jefferies Group LLC reiterated a “buy” rating and set a $43.00 price target (up previously from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Robert W. Baird restated an “outperform” rating and issued a $40.00 target price on shares of Masco Corporation in a research report on Wednesday, May 17th. Instinet reiterated a “buy” rating and set a $41.00 price objective (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Deutsche Bank AG raised their target price on Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Masco Corporation in a research note on Friday, May 19th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $39.76.

In other Masco Corporation news, Director J Michael Losh sold 2,084 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $34.54, for a total value of $71,981.36. Following the completion of the sale, the director now owns 66,356 shares of the company’s stock, valued at $2,291,936.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lokeren Mary Ann Van sold 3,880 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $36.68, for a total transaction of $142,318.40. Following the sale, the director now directly owns 68,306 shares of the company’s stock, valued at approximately $2,505,464.08. The disclosure for this sale can be found here. Insiders sold 196,485 shares of company stock valued at $7,276,653 in the last ninety days. Insiders own 1.30% of the company’s stock.

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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