State of Alaska Department of Revenue Raises Stock Position in Masco Co. (NYSE:MAS)

State of Alaska Department of Revenue grew its holdings in Masco Co. (NYSE:MASGet Rating) by 10.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 72,453 shares of the construction company’s stock after acquiring an additional 7,035 shares during the period. State of Alaska Department of Revenue’s holdings in Masco were worth $3,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MAS. Prospera Financial Services Inc purchased a new position in shares of Masco in the 1st quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Masco during the 1st quarter worth about $55,000. Tobam boosted its stake in shares of Masco by 26.9% during the 1st quarter. Tobam now owns 1,129 shares of the construction company’s stock worth $58,000 after purchasing an additional 239 shares during the period. Quent Capital LLC purchased a new position in shares of Masco during the 4th quarter worth about $71,000. Finally, Riverview Trust Co boosted its stake in shares of Masco by 49.5% during the 1st quarter. Riverview Trust Co now owns 1,455 shares of the construction company’s stock worth $74,000 after purchasing an additional 482 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 1.5 %

Shares of NYSE:MAS opened at $47.61 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 52.66. The stock has a market cap of $10.74 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The business’s 50 day moving average is $52.66 and its 200 day moving average is $52.95. Masco Co. has a 52-week low of $46.27 and a 52-week high of $71.06.

Masco (NYSE:MASGet Rating) last announced its earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.05). The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.14 EPS. Sell-side analysts predict that Masco Co. will post 4.17 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Friday, August 12th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.12 annualized dividend and a yield of 2.35%. Masco’s dividend payout ratio (DPR) is presently 31.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAS. Barclays dropped their price target on shares of Masco from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Masco in a research note on Wednesday, August 17th. They set a “hold” rating and a $61.00 price target for the company. UBS Group dropped their price target on shares of Masco from $81.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, July 29th. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research report on Monday, September 12th. Finally, BMO Capital Markets dropped their target price on shares of Masco from $68.00 to $60.00 in a research note on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.93.

Insider Buying and Selling at Masco

In other Masco news, CEO Keith J. Allman sold 10,000 shares of the stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $52.02, for a total transaction of $520,200.00. Following the sale, the chief executive officer now owns 288,295 shares of the company’s stock, valued at approximately $14,997,105.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

About Masco

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Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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