Montag A & Associates Inc. grew its position in Masco Corp (NYSE:MAS) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,143 shares of the construction company’s stock after acquiring an additional 2,592 shares during the quarter. Montag A & Associates Inc.’s holdings in Masco were worth $5,543,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Masco by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock valued at $286,000 after acquiring an additional 105 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after acquiring an additional 763 shares during the period. Boys Arnold & Co. Inc. boosted its holdings in shares of Masco by 7.6% in the fourth quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock valued at $794,000 after acquiring an additional 1,275 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Masco by 2.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 62,808 shares of the construction company’s stock valued at $2,460,000 after acquiring an additional 1,300 shares during the period. Finally, Westpac Banking Corp boosted its holdings in shares of Masco by 7.3% in the fourth quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock valued at $881,000 after acquiring an additional 1,364 shares during the period. 88.25% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on MAS. Credit Suisse Group reissued a “neutral” rating and issued a $46.00 price objective (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Royal Bank of Canada set a $46.00 price target on Masco and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Raymond James Financial restated a “market perform” rating on shares of Masco in a research note on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and an average target price of $44.07.
Masco Corp (NYSE:MAS) opened at $42.83 on Friday. The stock has a market capitalization of $13,457.03, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.07 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, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. Masco’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. equities analysts expect that Masco Corp will post 2.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, January 12th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, January 11th. Masco’s payout ratio is 25.45%.
In other Masco news, VP Renee Straber sold 2,574 shares of the stock in a transaction 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 in the company, valued at $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
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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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