TIAA CREF Investment Management LLC boosted its position in shares of Masco (NYSE:MAS) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,978,024 shares of the construction company’s stock after buying 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 recently made changes to their positions in the company. River Wealth Advisors LLC boosted its position in shares of Masco by 6.4% in the 4th quarter. River Wealth Advisors LLC now owns 20,309 shares of the construction company’s stock valued at $892,000 after purchasing an additional 1,226 shares during the period. MML Investors Services LLC boosted its position in shares of Masco by 9.1% in the 4th quarter. MML Investors Services LLC now owns 15,101 shares of the construction company’s stock valued at $664,000 after purchasing an additional 1,255 shares during the period. Boys Arnold & Co. Inc. boosted its position in shares of Masco by 7.6% in the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock valued at $794,000 after purchasing an additional 1,275 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Masco by 2.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 62,808 shares of the construction company’s stock valued at $2,460,000 after purchasing an additional 1,300 shares during the period. Finally, Westpac Banking Corp boosted its position in shares of Masco by 7.3% in the 4th quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock valued at $881,000 after purchasing an additional 1,364 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.
Masco stock traded down $0.74 during mid-day trading on Friday, hitting $40.19. The company’s stock had a trading volume of 3,668,513 shares, compared to its average volume of 3,043,686. The company has a market cap of $12,827.11, a P/E ratio of 20.72, a P/E/G ratio of 1.03 and a beta of 1.50. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87. Masco has a 52-week low of $33.05 and a 52-week 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 the consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. equities analysts forecast that Masco will post 2.55 earnings per share for the current fiscal year.
The company also recently declared 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 (DPR) is presently 21.65%.
A number of equities analysts recently weighed in on MAS shares. Royal Bank of Canada set a $46.00 price target on Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research lowered 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 research report on Tuesday, February 27th. JPMorgan Chase lowered Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $46.00 price target (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.60.
In other news, Director Richard A. Manoogian sold 82,701 shares of the firm’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 sale, the director now directly owns 692,102 shares of the company’s stock, valued at approximately $29,684,254.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph B. Gross sold 10,203 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $42.95, for a total value of $438,218.85. Following the sale, the insider now directly owns 51,020 shares of the company’s stock, valued at $2,191,309. The disclosure for this sale can be found here. Insiders have sold a total of 109,727 shares of company stock valued at $4,695,460 over the last ninety days. Company insiders own 1.30% of the company’s stock.
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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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