Los Angeles Capital Management & Equity Research Inc. Has $3.36 Million Holding in Masco Corp (MAS)

Los Angeles Capital Management & Equity Research Inc. Has $3.36 Million Holding in Masco Corp (MAS)

Los Angeles Capital Management & Equity Research Inc. decreased its position in Masco Corp (NYSE:MAS) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,744 shares of the construction company’s stock after selling 5,800 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Masco Corp were worth $3,356,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new position in shares of Masco Corp during the third quarter worth approximately $1,278,000. Boston Private Wealth LLC increased its position in shares of Masco Corp by 0.8% in the third quarter. Boston Private Wealth LLC now owns 19,500 shares of the construction company’s stock worth $669,000 after buying an additional 160 shares during the last quarter. First Houston Capital Inc. increased its position in shares of Masco Corp by 10.9% in the third quarter. First Houston Capital Inc. now owns 67,200 shares of the construction company’s stock worth $2,306,000 after buying an additional 6,600 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Masco Corp by 150.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,000 shares of the construction company’s stock worth $274,000 after buying an additional 4,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Masco Corp during the third quarter worth approximately $11,454,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Shares of Masco Corp (NYSE MAS) traded up 0.70% during midday trading on Wednesday, hitting $37.25. The stock had a trading volume of 2,943,680 shares. Masco Corp has a 12-month low of $29.11 and a 12-month high of $37.58. The stock has a market cap of $11.77 billion, a P/E ratio of 23.58 and a beta of 1.51. The stock has a 50-day moving average price of $36.11 and a 200-day moving average price of $33.75.

Masco Corp (NYSE:MAS) last released its quarterly earnings data on Tuesday, April 25th. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. Masco Corp had a return on equity of 1,293.51% and a net margin of 6.67%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. Equities analysts forecast that Masco Corp will post $1.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Monday, April 17th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.07%. Masco Corp’s payout ratio is 27.21%.

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

In other news, Director Richard A. Manoogian sold 29,989 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the completion of the sale, the director now directly owns 622,281 shares in the company, valued at approximately $22,924,832.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard A. Manoogian sold 61,340 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $36.99, for a total value of $2,268,966.60. Following the sale, the director now owns 716,885 shares of the company’s stock, valued at $26,517,576.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,496 shares of company stock valued at $7,289,544. Insiders own 1.70% of the company’s stock.

Masco Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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