Tredje AP fonden grew its stake in Masco Corporation (NYSE:MAS) by 14.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,560 shares of the construction company’s stock after purchasing an additional 1,340 shares during the period. Tredje AP fonden’s holdings in Masco Corporation were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in MAS. IFM Investors Pty Ltd bought a new stake in Masco Corporation during the 2nd quarter worth approximately $551,000. Dearborn Partners LLC bought a new stake in Masco Corporation during the 2nd quarter worth approximately $225,000. Fiduciary Trust Co. bought a new stake in Masco Corporation during the 2nd quarter worth approximately $166,000. Los Angeles Capital Management & Equity Research Inc. grew its position in Masco Corporation by 25.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 124,071 shares of the construction company’s stock worth $4,741,000 after acquiring an additional 25,327 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in Masco Corporation by 29.1% during the 2nd quarter. Calamos Advisors LLC now owns 989,188 shares of the construction company’s stock worth $37,797,000 after acquiring an additional 223,177 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.
In related news, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph B. Gross sold 2,337 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the completion of the sale, the insider now directly owns 56,935 shares in the company, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
A number of equities research analysts recently commented on the company. MKM Partners restated a “buy” rating and set a $44.00 price target (up from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. BidaskClub lowered Masco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Longbow Research restated a “buy” rating and set a $42.00 price target on shares of Masco Corporation in a research report on Tuesday, July 4th. Finally, Instinet restated a “buy” rating and set a $41.00 price target (up from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.93.
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Masco Corporation (NYSE:MAS) opened at 37.31 on Friday. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37. The firm has a 50-day moving average price of $37.22 and a 200-day moving average price of $36.52. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 23.07 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last posted its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts anticipate that Masco Corporation will post $1.98 earnings per share for the current fiscal year.
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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