Fifth Third Bancorp continued to hold its position in shares of Masco Corporation (NYSE:MAS) during the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,144 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Masco Corporation were worth $1,583,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Masco Corporation by 0.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,201 shares of the company’s stock valued at $779,000 after buying an additional 218 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in Masco Corporation during the second quarter valued at $431,000. Tocqueville Asset Management L.P. increased its position in Masco Corporation by 5.0% in the second quarter. Tocqueville Asset Management L.P. now owns 52,354 shares of the company’s stock valued at $1,620,000 after buying an additional 2,500 shares during the period. 1ST Source Bank increased its position in Masco Corporation by 8.2% in the second quarter. 1ST Source Bank now owns 31,763 shares of the company’s stock valued at $983,000 after buying an additional 2,400 shares during the period. Finally, Concert Wealth Management Inc. increased its position in Masco Corporation by 4.2% in the second quarter. Concert Wealth Management Inc. now owns 14,897 shares of the company’s stock valued at $458,000 after buying an additional 594 shares during the period. 88.65% of the stock is currently owned by institutional investors.
Shares of Masco Corporation (NYSE:MAS) traded down 1.46% during mid-day trading on Tuesday, hitting $33.01. 1,221,023 shares of the stock were exchanged. The firm has a 50-day moving average price of $32.70 and a 200 day moving average price of $33.21. The company has a market capitalization of $10.66 billion, a PE ratio of 22.46 and a beta of 1.51. Masco Corporation has a 12-month low of $25.61 and a 12-month high of $37.38.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.01. Masco Corporation had a return on equity of 1,293.51% and a net margin of 6.67%. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the business posted $0.29 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Masco Corporation will post $1.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 13th. Shareholders of record on Friday, January 13th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, January 11th. Masco Corporation’s dividend payout ratio is presently 27.21%.
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Several research analysts have recently weighed in on MAS shares. Royal Bank Of Canada dropped their target price on shares of Masco Corporation from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. RBC Capital Markets reissued a “buy” rating and issued a $37.00 target price (down from $41.00) on shares of Masco Corporation in a research report on Wednesday, October 26th. MKM Partners raised shares of Masco Corporation from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $40.00 to $36.00 in a research report on Wednesday, October 26th. Jefferies Group LLC dropped their target price on shares of Masco Corporation from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Evercore ISI started coverage on shares of Masco Corporation in a research report on Monday, November 14th. They issued a “buy” rating and a $40.00 target price on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.57.
About Masco Corporation
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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