KBC Group NV lifted its stake in Masco Corp (NYSE:MAS) by 34.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,784 shares of the construction company’s stock after acquiring an additional 14,210 shares during the quarter. KBC Group NV’s holdings in Masco were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services acquired a new position in shares of Masco in the fourth quarter worth $100,000. Advisory Services Network LLC increased its stake 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 worth $135,000 after acquiring an additional 763 shares during the last quarter. Parsons Capital Management Inc. RI acquired a new position in shares of Masco in the fourth quarter worth $204,000. Dearborn Partners LLC acquired a new position in shares of Masco in the fourth quarter worth $211,000. Finally, Visionary Asset Management Inc. acquired a new position in shares of Masco in the third quarter worth $216,000. 87.79% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. Wells Fargo & Co downgraded shares of Masco from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Wednesday, October 25th. Credit Suisse Group reissued a “neutral” rating and set 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. JPMorgan Chase & Co. downgraded shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Nomura set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $44.07.
In other news, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the sale, 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 document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
Shares of Masco Corp (NYSE MAS) opened at $42.52 on Wednesday. The stock has a market capitalization 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 1 year low of $32.97 and a 1 year high of $46.44. 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 (NYSE:MAS) last issued its quarterly earnings results 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. The company had revenue of $1.87 billion for 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 firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. sell-side analysts predict that Masco Corp will post 2.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, January 11th. Masco’s dividend payout ratio is currently 25.45%.
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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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