State of Wisconsin Investment Board boosted its position in Masco Corp (NYSE:MAS) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,364 shares of the construction company’s stock after buying an additional 45,929 shares during the period. State of Wisconsin Investment Board’s holdings in Masco were worth $34,113,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. First Personal Financial Services bought a new stake in Masco in the 4th quarter valued at about $100,000. Advisory Services Network LLC increased its position in Masco by 27.6% in the 2nd quarter. 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 in the last quarter. Parsons Capital Management Inc. RI bought a new stake in Masco in the 4th quarter valued at about $204,000. Sigma Planning Corp bought a new stake in Masco in the 4th quarter valued at about $205,000. Finally, IBM Retirement Fund bought a new stake in Masco in the 4th quarter valued at about $208,000. 88.25% of the stock is owned by institutional investors and hedge funds.
In other news, 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 value of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.
A number of brokerages recently commented on MAS. B. Riley reaffirmed a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Royal Bank of Canada set a $46.00 target price on Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Nomura set a $45.00 target price on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Citigroup boosted their target price on Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $46.00 target price (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Masco has a consensus rating of “Buy” and a consensus target price of $44.07.
Masco Corp (NYSE:MAS) opened at $43.21 on Friday. The stock has a market capitalization of $13,541.62, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.49 and a current ratio of 1.97. Masco Corp has a 12 month low of $32.97 and a 12 month high of $46.44.
Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. equities research analysts expect that Masco Corp will post 2.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were paid a $0.105 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Masco’s payout ratio is presently 25.45%.
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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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