Fmr LLC Reduces Holdings in Masco Corp (MAS)

Fmr LLC lowered its stake in Masco Corp (NYSE:MAS) by 65.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,434,434 shares of the construction company’s stock after selling 8,260,092 shares during the period. Fmr LLC’s holdings in Masco were worth $162,300,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp boosted its holdings in shares of Masco by 59.0% during the 2nd quarter. Dupont Capital Management Corp now owns 6,216 shares of the construction company’s stock valued at $233,000 after buying an additional 2,307 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Masco by 7.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 91,112 shares of the construction company’s stock worth $3,409,000 after purchasing an additional 6,550 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Masco by 4.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 46,069 shares of the construction company’s stock worth $1,724,000 after purchasing an additional 2,159 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Masco by 4.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,003,061 shares of the construction company’s stock worth $37,535,000 after purchasing an additional 40,871 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Masco by 10.9% in the 2nd quarter. Wells Fargo & Company MN now owns 885,959 shares of the construction company’s stock worth $33,152,000 after purchasing an additional 87,200 shares during the last quarter. 89.27% of the stock is currently owned by institutional investors.

In other news, insider Richard A. O’reagan sold 12,900 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $31.48, for a total transaction of $406,092.00. Following the completion of the sale, the insider now owns 61,443 shares of the company’s stock, valued at approximately $1,934,225.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Manoogian sold 100,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the sale, the director now directly owns 625,961 shares of the company’s stock, valued at approximately $19,392,271.78. The disclosure for this sale can be found here. In the last three months, insiders sold 212,900 shares of company stock valued at $6,631,092. 1.20% of the stock is owned by insiders.

Several research firms have recently issued reports on MAS. ValuEngine lowered Masco from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th. Deutsche Bank lowered their price target on Masco from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $48.00 price target on shares of Masco in a research report on Wednesday, October 31st. Argus set a $43.00 price target on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.68.

Shares of NYSE:MAS opened at $30.13 on Friday. Masco Corp has a fifty-two week low of $27.15 and a fifty-two week high of $46.44. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 14.35. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.56.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). Masco had a return on equity of 409.25% and a net margin of 7.65%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $0.50 EPS. Masco’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Masco Corp will post 2.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th were given a $0.12 dividend. This is a positive change from Masco’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. Masco’s payout ratio is 24.74%.

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Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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