Colony Group LLC Trims Stake in Masco Corp (MAS)

Colony Group LLC lowered its holdings in shares of Masco Corp (NYSE:MAS) by 43.8% in the 2nd quarter, Holdings Channel reports. The firm owned 8,616 shares of the construction company’s stock after selling 6,705 shares during the quarter. Colony Group LLC’s holdings in Masco were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MAS. Adviser Investments LLC purchased a new stake in Masco in the 1st quarter worth approximately $181,000. Capital Investment Advisors LLC purchased a new stake in Masco in the 2nd quarter worth approximately $202,000. Point72 Hong Kong Ltd increased its holdings in Masco by 8,377.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock worth $209,000 after acquiring an additional 5,529 shares in the last quarter. Castle Rock Wealth Management LLC purchased a new stake in Masco in the 2nd quarter worth approximately $216,000. Finally, Moors & Cabot Inc. purchased a new stake in Masco in the 1st quarter worth approximately $226,000. 89.48% of the stock is owned by institutional investors.

Shares of MAS opened at $38.19 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 23.57. Masco Corp has a 1 year low of $35.79 and a 1 year high of $46.44. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.04 and a beta of 1.42.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Masco had a net margin of 7.41% and a return on equity of 490.27%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts forecast that Masco Corp will post 2.51 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on MAS shares. ValuEngine lowered shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Wells Fargo & Co set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Friday, June 1st. Citigroup raised shares of Masco from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, June 19th. Zacks Investment Research lowered shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, Royal Bank of Canada started coverage on shares of Masco in a report on Wednesday, June 27th. They issued a “sector perform” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.76.

In other Masco news, insider Joseph B. Gross sold 1,286 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the completion of the sale, the insider now directly owns 48,740 shares of the company’s stock, valued at approximately $1,945,213.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John G. Sznewajs sold 96,869 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the sale, the chief financial officer now directly owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Masco 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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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