ETRADE Capital Management LLC trimmed its position in Masco (NYSE:MAS) by 45.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,624 shares of the construction company’s stock after selling 4,724 shares during the quarter. ETRADE Capital Management LLC’s holdings in Masco were worth $247,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in MAS. First Personal Financial Services acquired a new stake in shares of Masco in the fourth quarter valued at about $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Masco during the fourth quarter worth about $114,000. Tower Research Capital LLC TRC raised its position in shares of Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after buying an additional 2,772 shares during the last quarter. Parsons Capital Management Inc. RI acquired a new position in shares of Masco in the fourth quarter valued at approximately $204,000. Finally, Sigma Planning Corp acquired a new position in shares of Masco in the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.07% of the company’s stock.
MAS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. JPMorgan Chase downgraded shares of Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Deutsche Bank raised shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, March 22nd. Royal Bank of Canada set a $46.00 price target on shares of Masco and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $46.00 target price (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Masco presently has an average rating of “Buy” and an average price target of $44.60.
MAS stock traded down $0.74 during midday trading on Friday, hitting $40.19. 3,668,513 shares of the company traded hands, compared to its average volume of 3,248,591. The company has a market cap of $12,758.17, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. Masco has a twelve month low of $33.05 and a twelve month high of $46.44.
Masco (NYSE:MAS) last issued its earnings results 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 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. equities analysts expect that Masco will post 2.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.05%. Masco’s payout ratio is presently 21.65%.
In other news, Director Richard A. Manoogian sold 82,701 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total transaction of $3,547,045.89. Following the completion of the transaction, the director now directly owns 692,102 shares in the company, valued at approximately $29,684,254.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa A. Payne sold 5,577 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total value of $233,397.45. Following the completion of the transaction, the director now owns 56,766 shares of the company’s stock, valued at $2,375,657.10. The disclosure for this sale can be found here. Insiders sold 109,727 shares of company stock valued at $4,695,460 over the last ninety days. 1.30% of the stock is currently owned by company insiders.
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Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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