Masco Corporation (MAS) Shares Bought by Symphony Asset Management LLC

Symphony Asset Management LLC boosted its holdings in Masco Corporation (NYSE:MAS) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,880 shares of the construction company’s stock after purchasing an additional 2,315 shares during the period. Symphony Asset Management LLC’s holdings in Masco Corporation were worth $3,625,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. KBC Group NV boosted its position in Masco Corporation by 12.5% in the second quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 4,223 shares during the last quarter. BlackRock Inc. boosted its position in Masco Corporation by 1,387.4% in the first quarter. BlackRock Inc. now owns 27,895,055 shares of the construction company’s stock worth $948,149,000 after purchasing an additional 26,019,679 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Masco Corporation in the first quarter worth $402,000. Stifel Financial Corp boosted its position 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 purchasing an additional 7,027 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Masco Corporation by 4.1% in the second quarter. Legal & General Group Plc now owns 1,566,035 shares of the construction company’s stock worth $59,839,000 after purchasing an additional 62,170 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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In related news, insider Joseph B. Gross sold 2,337 shares of Masco Corporation 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 transaction, the insider now directly owns 56,935 shares in the company, valued at $2,136,770.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of Masco Corporation 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 transaction, the insider now owns 91,154 shares in the company, valued at $3,480,259.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,287 shares of company stock worth $1,003,899. Company insiders own 1.30% of the company’s stock.

Shares of Masco Corporation (NYSE:MAS) traded down 0.61% on Monday, hitting $37.34. The stock had a trading volume of 1,146,714 shares. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37. The stock has a 50 day moving average of $37.24 and a 200-day moving average of $36.43. The stock has a market cap of $11.78 billion, a PE ratio of 23.09 and a beta of 1.54.

Masco Corporation (NYSE:MAS) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. Equities research analysts anticipate that Masco Corporation will post $1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 14th were paid a $0.10 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. Masco Corporation’s dividend payout ratio (DPR) is currently 24.69%.

Several research firms have weighed in on MAS. MKM Partners reissued a “buy” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. BidaskClub cut Masco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Longbow Research reissued a “buy” rating and issued a $42.00 price objective on shares of Masco Corporation in a research report on Tuesday, July 4th. Finally, Instinet reissued a “buy” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Masco Corporation currently has a consensus rating of “Buy” and a consensus price target of $40.93.

Masco Corporation 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.

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

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