TIAA CREF Investment Management LLC boosted its holdings in Masco Corp (NYSE:MAS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,978,024 shares of the construction company’s stock after acquiring an additional 105,645 shares during the quarter. TIAA CREF Investment Management LLC owned 1.27% of Masco worth $174,794,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its position in Masco by 56.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 12,649 shares in the last quarter. Prudential Financial Inc. lifted its position in Masco by 2.3% in the 3rd quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after acquiring an additional 11,362 shares in the last quarter. Palladium Partners LLC lifted its position in Masco by 1.1% in the 3rd quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after acquiring an additional 3,250 shares in the last quarter. Parsons Capital Management Inc. RI bought a new position in Masco in the 4th quarter valued at approximately $204,000. Finally, Renaissance Technologies LLC lifted its position in Masco by 15.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,808,800 shares of the construction company’s stock valued at $79,479,000 after acquiring an additional 238,600 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Joseph B. Gross sold 10,203 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $42.95, for a total value of $438,218.85. Following the completion of the sale, the insider now directly owns 51,020 shares in the company, valued at approximately $2,191,309. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Manoogian sold 82,701 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total value of $3,547,045.89. Following the completion of the sale, the director now owns 692,102 shares of the company’s stock, valued at $29,684,254.78. The disclosure for this sale can be found here. Insiders sold a total of 104,150 shares of company stock valued at $4,462,062 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Shares of Masco Corp (NYSE:MAS) opened at $41.61 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. The company has a market capitalization of $13,027.68, a price-to-earnings ratio of 25.22, a PEG ratio of 1.04 and a beta of 1.51. Masco Corp has a 12 month low of $32.97 and a 12 month high of $46.44.
Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. research analysts anticipate that Masco Corp will post 2.55 earnings per share for the current fiscal year.
Several research firms recently issued reports on MAS. Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Deutsche Bank increased their price target on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Credit Suisse Group reissued a “neutral” rating and set a $46.00 price target (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $46.00 price target on Masco and gave the company a “buy” rating in a report on Friday, February 9th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.60.
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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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