Todays Report: Today, Bbva Compass Bancshares Inc. Reduces stake in Masco Corp. (MAS)

Today, Bbva Compass Bancshares Inc. Reduces stake in Masco Corp. (MAS)

Bbva Compass Bancshares Inc. lowered its position in Masco Corp. (NYSE:MAS) by 5.2% during the second quarter, Holdings Channel reports. The institutional investor owned 42,105 shares of the company’s stock after selling 2,318 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Masco Corp. were worth $1,303,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Fund Management S.A. raised its stake in shares of Masco Corp. by 3,980.9% in the second quarter. Capital Fund Management S.A. now owns 1,062,175 shares of the company’s stock worth $32,864,000 after buying an additional 1,036,147 shares in the last quarter. Anchor Bolt Capital LP bought a new stake in shares of Masco Corp. during the first quarter worth approximately $47,731,000. Hermes Investment Management Ltd. raised its stake in shares of Masco Corp. by 0.8% in the second quarter. Hermes Investment Management Ltd. now owns 640,346 shares of the company’s stock worth $19,812,000 after buying an additional 5,200 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Masco Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 2,635,785 shares of the company’s stock worth $82,720,000 after buying an additional 19,254 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Masco Corp. by 2,859.0% in the second quarter. Huntington National Bank now owns 472,961 shares of the company’s stock worth $14,633,000 after buying an additional 456,977 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Masco Corp. (NYSE:MAS) traded up 0.47% during trading on Tuesday, hitting $33.96. 957,440 shares of the stock traded hands. The firm has a market cap of $11.08 billion, a P/E ratio of 25.79 and a beta of 1.83. The company has a 50-day moving average of $34.13 and a 200-day moving average of $33.12. Masco Corp. has a 52 week low of $23.10 and a 52 week high of $37.38.

Masco Corp. (NYSE:MAS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco Corp. had a return on equity of 780.00% and a net margin of 6.12%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. On average, analysts forecast that Masco Corp. will post $1.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Friday, October 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 1.18%. Masco Corp.’s dividend payout ratio is presently 30.53%.

Several research analysts have recently issued reports on the stock. Bank of America Corp. assumed coverage on shares of Masco Corp. in a research note on Friday, September 23rd. They issued a “buy” rating and a $41.00 target price on the stock. Wells Fargo & Co. assumed coverage on shares of Masco Corp. in a research note on Wednesday, September 28th. They issued an “outperform” rating on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Masco Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Masco Corp. from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, October 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Masco Corp. from $34.50 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Masco Corp. currently has an average rating of “Buy” and an average target price of $35.53.

In related news, Director Richard A. Manoogian sold 35,244 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $36.30, for a total value of $1,279,357.20. Following the sale, the director now directly owns 765,739 shares in the company, valued at $27,796,325.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Plant sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $36.54, for a total value of $255,780.00. Following the completion of the sale, the director now owns 19,534 shares in the company, valued at $713,772.36. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Masco Corp. Company Profile

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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