Daiwa SB Investments Ltd. increased its position in shares of Masco Corp (NYSE:MAS) by 80.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,770 shares of the construction company’s stock after buying an additional 11,060 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Masco were worth $1,088,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in MAS. BlackRock Inc. grew its position in Masco by 9.9% during the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after buying an additional 2,763,057 shares in the last quarter. Northern Trust Corp boosted its holdings in Masco by 31.3% during the second quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after purchasing an additional 1,963,938 shares in the last quarter. FMR LLC boosted its holdings in Masco by 7.5% during the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after purchasing an additional 1,439,946 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in Masco by 41.4% during the third quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock valued at $109,791,000 after purchasing an additional 824,665 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Masco by 2.6% during the second quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock valued at $1,192,431,000 after purchasing an additional 778,320 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors and hedge funds.
Masco Corp (MAS) opened at $45.73 on Friday. Masco Corp has a one year low of $31.29 and a one year high of $45.75. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The stock has a market cap of $14,390.00, a P/E ratio of 27.06, a PEG ratio of 1.19 and a beta of 1.58.
Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue was up 3.1% on a year-over-year basis. sell-side analysts forecast that Masco Corp will post 1.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is currently 24.85%.
In other news, Director Lokeren Mary Ann Van sold 16,850 shares of Masco stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the completion of the transaction, the director now owns 47,909 shares in the company, valued at $1,861,264.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the transaction, the vice president now owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Insiders sold 88,961 shares of company stock valued at $3,537,891 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.
MAS has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Argus lifted their price objective on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Barclays set a $45.00 price objective on Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and set a $46.00 price objective (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Finally, Nomura set a $45.00 price objective on Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $43.47.
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Masco Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. 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.
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