Latest Stocks: Bank of New York Mellon Corp Sells 25,565 Shares of Masco Corp (MAS)

Latest Stocks: Bank of New York Mellon Corp Sells 25,565 Shares of Masco Corp (MAS)

Bank of New York Mellon Corp reduced its stake in shares of Masco Corp (NYSE:MAS) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,905,857 shares of the construction company’s stock after selling 25,565 shares during the period. Bank of New York Mellon Corp owned 0.92% of Masco Corp worth $98,770,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MAS. Itau Unibanco Holding S.A. bought a new stake in shares of Masco Corp during the third quarter valued at about $164,000. Commerzbank Aktiengesellschaft FI increased its position in Masco Corp by 2.8% in the fourth 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 period. Advisor Partners LLC acquired a new position in Masco Corp during the first quarter valued at approximately $240,000. IFM Investors Pty Ltd acquired a new position in Masco Corp during the fourth quarter valued at approximately $244,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in 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 valued at $274,000 after buying an additional 4,800 shares during the period. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Shares of Masco Corp (NYSE:MAS) opened at 37.27 on Tuesday. Masco Corp has a one year low of $29.11 and a one year high of $37.91. The firm’s 50-day moving average is $36.49 and its 200-day moving average is $33.92. The stock has a market capitalization of $11.78 billion, a PE ratio of 23.59 and a beta of 1.51.

Masco Corp (NYSE:MAS) last announced its earnings results on Tuesday, April 25th. The construction company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, analysts expect that Masco Corp will post $1.96 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 8th. Shareholders 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 annualized dividend and a yield of 1.07%. Masco Corp’s dividend payout ratio is presently 27.21%.

Masco Corp (NYSE:MAS) last announced its earnings results on Tuesday, April 25th. The construction company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, analysts expect that Masco Corp will post $1.96 earnings per share for the current fiscal year. Several research analysts have commented on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $43.00 price target on shares of Masco Corp in a report on Wednesday, May 31st. Nomura initiated coverage on shares of Masco Corp in a research report on Wednesday, April 12th. They set a “buy” rating and a $39.00 price objective on the stock. Zacks Investment Research upgraded shares of Masco Corp from a “sell” rating to a “hold” rating and set a $42.00 price objective on the stock in a research report on Wednesday, April 26th. Instinet reiterated a “buy” rating on shares of Masco Corp in a research report on Friday, April 14th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $40.00 target price on shares of Masco Corp in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.76.

In other news, 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 completion of the sale, the director now owns 716,885 shares in the company, valued at $26,517,576.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher K. Kastner sold 5,463 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $33.80, for a total value of $184,649.40. Following the sale, the vice president now directly owns 35,524 shares in the company, valued at $1,200,711.20. The disclosure for this sale can be found here. Insiders have sold a total of 197,496 shares of company stock worth $7,289,544 over the last 90 days. 1.70% of the stock is owned by company insiders. About Masco Corp

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