M&T Bank Corp trimmed its stake in shares of Masco Corp (NYSE:MAS) by 10.4% during the 4th quarter, HoldingsChannel reports. The firm owned 22,714 shares of the construction company’s stock after selling 2,626 shares during the quarter. M&T Bank Corp’s holdings in Masco were worth $997,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of MAS. APG Asset Management N.V. lifted its holdings in Masco by 32.1% during the fourth quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock valued at $237,478,000 after purchasing an additional 1,577,500 shares in the last quarter. Alyeska Investment Group L.P. lifted 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. JPMorgan Chase & Co. lifted its holdings in Masco by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after purchasing an additional 763,078 shares in the last quarter. Bank of Montreal Can lifted its holdings in Masco by 308.9% during the fourth quarter. Bank of Montreal Can now owns 855,369 shares of the construction company’s stock valued at $37,585,000 after purchasing an additional 646,158 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Masco by 147.5% during the third quarter. Ameriprise Financial Inc. now owns 707,534 shares of the construction company’s stock valued at $27,589,000 after purchasing an additional 421,631 shares in the last quarter. 87.79% of the stock is currently owned by institutional investors and hedge funds.
Masco Corp (NYSE:MAS) opened at $43.21 on Tuesday. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. The firm has a market cap of $13,541.65, a PE ratio of 22.16, a PEG ratio of 1.08 and a beta 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 posted its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. research analysts anticipate that Masco Corp will post 2.57 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, January 12th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, January 11th. Masco’s dividend payout ratio (DPR) is presently 25.45%.
In other Masco news, VP Renee Straber sold 2,574 shares of Masco stock in a transaction dated Friday, December 8th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.
Several equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Barclays set a $45.00 price objective on shares of 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 shares of Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Masco presently has an average rating of “Buy” and an average price target of $44.07.
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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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