First Hawaiian Bank bought a new position in shares of Masco Corp (NYSE:MAS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,859 shares of the construction company’s stock, valued at approximately $251,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Banco de Sabadell S.A lifted its holdings in Masco by 11.3% during the 2nd quarter. Banco de Sabadell S.A now owns 12,919 shares of the construction company’s stock worth $482,000 after buying an additional 1,312 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in Masco by 4.6% during the 1st quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock worth $1,423,000 after buying an additional 1,533 shares during the last quarter. Hills Bank & Trust Co. lifted its holdings in Masco by 6.6% during the 2nd quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock worth $1,008,000 after buying an additional 1,675 shares during the last quarter. Daiwa SB Investments Ltd. lifted its holdings in Masco by 9.2% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 21,450 shares of the construction company’s stock worth $785,000 after buying an additional 1,800 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in Masco by 2.9% during the 2nd quarter. Capital Analysts LLC now owns 69,500 shares of the construction company’s stock worth $2,601,000 after buying an additional 1,972 shares during the last quarter. 89.70% of the stock is currently owned by institutional investors.
In related news, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the sale, the insider now directly owns 48,740 shares in the company, valued at approximately $1,945,213.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the sale, the chief financial officer now owns 237,578 shares in the company, valued at $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Masco had a return on equity of 490.27% and a net margin of 7.41%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Masco Corp will post 2.5 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Friday, October 12th will be given a $0.12 dividend. This is a boost from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 11th. Masco’s dividend payout ratio (DPR) is currently 24.74%.
A number of research analysts have commented on the company. ValuEngine raised Masco from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Cfra reaffirmed a “buy” rating and set a $46.00 target price on shares of Masco in a report on Sunday, August 5th. Citigroup increased their target price on Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Evercore ISI upgraded Masco from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. Finally, Cleveland Research reiterated a “hold” rating on shares of Masco in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $45.44.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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