Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Masco Corporation (NYSE:MAS) by 71.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,751 shares of the construction company’s stock after buying an additional 27,052 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Masco Corporation were worth $2,201,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC boosted its position in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Masco Corporation during the third quarter worth about $164,000. Commerzbank Aktiengesellschaft FI boosted its position in Masco Corporation by 2.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,500 shares of the construction company’s stock worth $206,000 after buying an additional 176 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in Masco Corporation during the first quarter worth about $220,000. Finally, Advisor Partners LLC purchased a new position in Masco Corporation during the first quarter worth about $240,000. 89.37% of the stock is owned by hedge funds and other institutional investors.
Masco Corporation (NYSE MAS) opened at 38.58 on Monday. The stock has a 50 day moving average of $37.17 and a 200-day moving average of $34.23. Masco Corporation has a 12 month low of $29.11 and a 12 month high of $38.87. 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 (NYSE:MAS) last released its quarterly earnings data on Tuesday, April 25th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. Masco Corporation had a return on equity of 19,054.54% and a net margin of 7.04%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. On average, equities analysts forecast that Masco Corporation will post $1.96 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Masco Corporation in a research report on Wednesday, April 26th. Instinet reissued a “buy” rating on shares of Masco Corporation in a research note on Friday, April 14th. Zacks Investment Research lowered shares of Masco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BidaskClub upgraded shares of Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Longbow Research upgraded shares of Masco Corporation from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, April 6th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.76.
In other Masco Corporation news, Director Lokeren Mary Ann Van sold 3,880 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $36.68, for a total value of $142,318.40. Following the transaction, the director now directly owns 68,306 shares of the company’s stock, valued at approximately $2,505,464.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Renee Straber sold 4,452 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $38.58, for a total value of $171,758.16. Following the completion of the transaction, the vice president now directly owns 65,961 shares in the company, valued at $2,544,775.38. The disclosure for this sale can be found here. Insiders have sold a total of 194,401 shares of company stock worth $7,204,672 over the last three months. 1.30% of the stock is currently owned by corporate insiders.
Masco Corporation Company Profile
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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