Sadoff Investment Management LLC lessened its holdings in Masco Corp (NYSE:MAS) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 877,915 shares of the construction company’s stock after selling 8,400 shares during the quarter. Masco accounts for approximately 3.2% of Sadoff Investment Management LLC’s investment portfolio, making the stock its 14th biggest position. Sadoff Investment Management LLC owned about 0.28% of Masco worth $38,576,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. First Personal Financial Services bought a new stake in Masco during the fourth quarter worth about $100,000. Advisory Services Network LLC lifted its position in Masco by 27.6% during the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares during the period. Parsons Capital Management Inc. RI bought a new stake in Masco during the fourth quarter worth about $204,000. Dearborn Partners LLC bought a new stake in Masco during the fourth quarter worth about $211,000. Finally, Visionary Asset Management Inc. bought a new stake in Masco during the third quarter worth about $216,000. 88.25% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on MAS shares. Robert W. Baird upped their price objective on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 price objective (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Royal Bank of Canada upped their price objective 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. Finally, Zacks Investment Research raised shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Masco currently has an average rating of “Buy” and a consensus target price of $44.07.
Masco Corp (NYSE:MAS) traded down $0.25 during mid-day trading on Wednesday, hitting $42.51. 962,730 shares of the stock were exchanged, compared to its average volume of 3,281,418. The company has a market capitalization of $13,513.44, a PE ratio of 25.92, a P/E/G ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. Masco Corp has a 52-week low of $32.97 and a 52-week high of $46.44.
Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts forecast that Masco Corp will post 2.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, January 11th. Masco’s dividend payout ratio is currently 25.45%.
In other news, VP Renee Straber sold 2,574 shares of the company’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 value 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 $2,783,748.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
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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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