Finally, FNY Partners Fund LP increased its stake in shares of Masco Corporation by 1,900.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 6,500 shares of the construction company's stock valued at $206,000 after buying an additional 176 shares during the last quarter.
MAS has been the topic of a number of other reports. APG Asset Management N.V. boosted its position in Masco Corporation by 66.4% in the first quarter. FMR LLC now owns 18,859,880 shares of the construction company's stock worth $596,351,000 after buying an additional 1,640,080 shares in the last quarter. Boston Private Wealth LLC now owns 19,500 shares of the construction company's stock valued at $669,000 after buying an additional 160 shares during the last quarter. The correct version of this story can be read at https://transcriptdaily.com/2017/07/06/brant-point-investment-management-llc-has-1-55-million-position-in-masco-corporation-mas-updated-updated.html. Bollard Group LLC increased its stake in Masco Corporation by 0.3% in the first quarter. Boston Partners now owns 8,887,709 shares of the construction company's stock valued at $302,093,000 after buying an additional 611,363 shares during the period. Finally, Scout Investments Inc. boosted its position in shares of Masco Corporation by 191.7% in the first quarter. Pacer Advisors Inc. now owns 6,338 shares of the construction company's stock valued at $215,000 after buying an additional 189 shares during the last quarter.
Several hedge funds have recently modified their holdings of the stock. Pennsylvania-based Blb&B Ltd Liability Corporation has invested 0.49% in Masco Corp (NYSE:MAS). Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37. The company has a market cap of $12.06 billion, a PE ratio of 24.15 and a beta of 1.56. The stock has a 50 day moving average price of $37.66 and a 200 day moving average price of $34.70. Masco Corporation (NYSE:MAS) last announced its quarterly earnings data on Tuesday, April 25th.
So the company beats the analysts estimate by $0.05/share showing a surprise of 13.9%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.76 billion. The other 19, though not evenly; between analysts who think you should buy Masco Corporation versus those who think you should sell it. The firm's revenue was up 3.3% on a year-over-year basis. During the same period past year, the company earned $0.32 earnings per share. Equities analysts expect that Masco Corporation will post $1.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 12th. Marshall Wace Llp has 1.65 million shares for 0.34% of their portfolio. That's a potential 5.86 increase relative to where Masco Corporation (NYSE:MAS) has been trading recently.
TRADEMARK VIOLATION WARNING: "Masco Corporation (NYSE:MAS) Receives Average Recommendation of "Buy" from Brokerages" was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another publication, it was copied illegally and republished in violation of global copyright law. Vertical Research downgraded the stock to "Hold" rating in Thursday, March 31 report. Avondale upgraded the shares of PRSC in report on Wednesday, November 2 to "Market Outperform" rating. They issued a "neutral" rating and a $36.00 price target for the company. Longbow Research raised shares of Masco Corporation from a neutral rating to a buy rating and set a $42.00 price objective on the stock in a research report on Thursday, April 6th. RBC Capital Markets maintained it with "Outperform" rating and $43 target in Wednesday, April 26 report. Instinet reiterated a "buy" rating and issued a $41.00 price target (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Masco Corporation has an average rating of "Buy" and an average price target of $39.88.
In other Masco Corporation news, Director Lokeren Mary Ann Van sold 3,880 shares of Masco Corporation stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the sale, the director now owns 68,306 shares in the company, valued at approximately $2,505,464.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Renee Straber sold 4,452 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $36.68, for a total value of $142,318.40. Following the completion of the sale, the vice president now directly owns 65,961 shares of the company's stock, valued at approximately $2,544,775.38. The disclosure for this sale can be found here. Insiders have sold 194,401 shares of company stock valued at $7,204,672 in the last three months.
12/16/2016 - Macquarie began new coverage on Masco Corporation giving the company a " rating.
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products.