Economy

Masco Corporation (NYSE:MAS) Shares Sold by Balyasny Asset Management LLC

Masco Corporation (NYSE:MAS) Shares Sold by Balyasny Asset Management LLC”

The Ameriprise Financial Inc holds 443,393 shares with $18.27 million value, up from 332,223 last quarter. The expected MAS's profit could reach $168.85M giving the stock 19.08 P/E in the case that $0.53 earnings per share is reported. Pacer Advisors Inc. now owns 6,221 shares of the company's stock worth $192,000 after buying an additional 495 shares during the period.

Masco Corporation (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 24th. It has outperformed by 24.28% the S&P500.

Zacks Investment Research cut shares of Masco Corporation from a "buy" rating to a "sell" rating in a research note on Tuesday, October 3rd. Therefore 79% are positive. The stock now has a consensus rating of "Buy" and a consensus price target of $40.92.

Analysts on average have given a price target of $41.95 to Masco Corporation (MAS) stock. Barclays Capital maintained it with "Equal-Weight" rating and $30 target in Tuesday, October 13 report. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, October 26. The rating was maintained by Jefferies on Wednesday, October 11 with "Buy". The stock of Masco Corp (NYSE:MAS) earned "Overweight" rating by JP Morgan on Thursday, March 24. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, April 26. Macquarie Research maintained Masco Corp (NYSE:MAS) on Friday, December 16 with "Outperform" rating. 61,340 Masco Corp (NYSE:MAS) shares with value of $2.27 million were sold by MANOOGIAN RICHARD A. Shares for $171,774 were sold by Straber Renee on Thursday, June 15.

Anchor Bolt Capital Lp decreased Parker Hannifin Corp (NYSE:PH) stake by 320,299 shares to 236,587 valued at $37.81M in 2017Q2. Advisory Services Network LLC now owns 3,532 shares of the construction company's stock valued at $135,000 after buying an additional 763 shares during the last quarter.

The institutional ownership of Masco Corporation (NYSE:MAS) was 92.30%. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Therefore 33% are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. Craig Hallum upgraded Methode Electronics Inc. They set a "buy" rating and a $40.00 price objective on the stock. The firm earned "Buy" rating on Monday, January 9 by Guggenheim. UBS maintained Patriot National Inc (NYSE:PN) rating on Wednesday, August 12. Jefferies maintained the shares of MAS in report on Thursday, July 13 with "Buy" rating.

The market capitalization of Masco Corporation is at $12.67 Billion. The company has market cap of $39.75 million. The Firm operates through four business divisions: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. Masco Corporation's payout ratio is now 25.93%. The Company's portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas. On Oct. 23, 2017 MAS saw a modest increase, closing the day at $40.09, or a increase of $0.02 or (0.05%).

Wall Street await Masco Corp (NYSE:MAS) to release earnings on October, 24. It has outperformed by 18.65% the S&P500.

Investors sentiment increased to 1.06 in Q2 2017. Its down 0.37, from 1 in 2017Q1.

In other news, VP Kenneth G. Cole sold 2,266 shares of Masco Corporation stock in a transaction dated Tuesday, September 19th.

Institutional investors and hedge funds have recently made changes to their positions in the company. 275.10 million shares or 0.29% more from 274.32 million shares in 2017Q1 were reported. Clarivest Asset Management Ltd Liability Com has invested 0% of its portfolio in Masco Corp (NYSE:MAS). The company's market cap is $12.67 Billion, and the average volume is 2.11 Million. 989,188 were reported by Calamos Advsrs. Trust Co. of Vermont now owns 2,964 shares of the construction company's stock valued at $113,000 after buying an additional 125 shares during the last quarter. Moneta Grp Inc Investment Ltd holds 0.45% or 72,165 shares in its portfolio. First Quadrant L P Ca has invested 0.26% of its portfolio in Masco Corp (NYSE:MAS). Mastrapasqua Asset Mngmt holds 0.37% or 45,205 shares. The construction company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Penn Capital Mgmt Co invested 0.17% in Masco Corp (NYSE:MAS). 26,610 were reported by Boston Advsr Limited Com. 181,340 are owned by Capital Management Limited Liability Company. YorkBridge Wealth Partners LLC increased its stake in shares of Masco Corporation by 4.6% in the second quarter. Moreover, Sumitomo Mitsui Asset Mgmt Ltd has 0.02% invested in Masco Corp (NYSE:MAS) for 25,274 shares. Fidelity Management and Research Company is the second biggest holder with 20 million shares now valued at 782.59 million whilst State Street Corp has 15 million shares valued at 569.99 million.

Since April 28, 2017, it had 0 insider purchases, and 4 selling transactions for $1.02 million activity. 3,880 shares were sold by VAN LOKEREN MARY ANN, worth $142,317.

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