Daiwa SB Investments Ltd. increased its position in shares of Masco Corp (NYSE:MAS) by 80.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its stake in shares of Masco by 56.7% during the third quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock worth $1,364,000 after purchasing an additional 12,649 shares in the last quarter. Prudential Financial Inc. boosted its stake in Masco by 2.3% in the third quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after acquiring an additional 11,362 shares in the last quarter. Palladium Partners LLC boosted its stake in Masco by 1.1% in the third quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after acquiring an additional 3,250 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Masco by 5.8% in the third quarter. Parametric Portfolio Associates LLC now owns 736,811 shares of the construction company’s stock valued at $28,743,000 after acquiring an additional 40,248 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Masco in the second quarter valued at $2,824,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
Masco Corp (NYSE MAS) traded down $1.17 during trading on Friday, reaching $42.90. 3,919,738 shares of the company traded hands, compared to its average volume of 2,699,622. Masco Corp has a 12-month low of $31.29 and a 12-month high of $46.44. The stock has a market cap of $13,862.89, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.12 and a beta of 1.49. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio is currently 25.00%.
A number of equities research analysts have recently commented on MAS shares. Robert W. Baird increased their price target on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Citigroup increased their target price on shares of Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and issued a $46.00 target price (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Royal Bank of Canada raised their target price on shares of Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Masco presently has an average rating of “Buy” and an average target price of $44.13.
In other Masco news, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $38.85, for a total transaction of $654,622.50. Following the completion of the transaction, the director now directly owns 47,909 shares of the company’s stock, valued at approximately $1,861,264.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
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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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