Nomura Asset Management Co. Ltd. lifted its holdings in Masco (NYSE:MAS) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,486 shares of the construction company’s stock after buying an additional 2,925 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Masco were worth $1,955,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in MAS. River Wealth Advisors LLC increased its position in Masco by 6.4% in the fourth quarter. River Wealth Advisors LLC now owns 20,309 shares of the construction company’s stock worth $892,000 after purchasing an additional 1,226 shares during the period. MML Investors Services LLC increased its position in Masco by 9.1% in the fourth quarter. MML Investors Services LLC now owns 15,101 shares of the construction company’s stock worth $664,000 after purchasing an additional 1,255 shares during the period. Boys Arnold & Co. Inc. grew its position in shares of Masco by 7.6% during the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock worth $794,000 after buying an additional 1,275 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Masco by 2.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 62,808 shares of the construction company’s stock worth $2,460,000 after buying an additional 1,300 shares during the period. Finally, Westpac Banking Corp grew its position in shares of Masco by 7.3% during the 4th quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock worth $881,000 after buying an additional 1,364 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.
NYSE MAS traded down $0.74 during trading on Friday, hitting $40.19. The stock had a trading volume of 3,668,513 shares, compared to its average volume of 3,043,686. The stock has a market capitalization of $12,827.11, a price-to-earnings ratio of 20.72, a PEG ratio of 1.03 and a beta of 1.50. 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 has a 12 month low of $33.05 and a 12 month high of $46.44.
Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that Masco will post 2.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Friday, April 13th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, April 12th. Masco’s dividend payout ratio is currently 21.65%.
In related news, Director Lisa A. Payne sold 5,577 shares of the stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total value of $233,397.45. Following the sale, the director now owns 56,766 shares in the company, valued at approximately $2,375,657.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 82,701 shares of the stock in a transaction on Wednesday, February 21st. The shares were 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 in the company, valued at approximately $29,684,254.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,727 shares of company stock worth $4,695,460. Company insiders own 1.30% of the company’s stock.
Several research firms have recently issued reports on MAS. Credit Suisse Group restated 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 lowered Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Deutsche Bank boosted their price objective on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada set a $46.00 price objective on Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.60.
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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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