Dalton Greiner Hartman Maher & Co. cut its stake in shares of Masco Corp (NYSE:MAS) by 82.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,912 shares of the construction company’s stock after selling 187,194 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Masco were worth $1,196,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MAS. Capital Research Global Investors acquired a new position in shares of Masco during the third quarter worth $337,123,000. Iridian Asset Management LLC CT increased its holdings in shares of Masco by 58.1% during the third quarter. Iridian Asset Management LLC CT now owns 4,901,419 shares of the construction company’s stock worth $179,392,000 after buying an additional 1,801,055 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Masco by 1,747.5% during the second quarter. Advisors Asset Management Inc. now owns 1,361,542 shares of the construction company’s stock worth $2,598,000 after buying an additional 1,287,847 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Masco by 259.5% during the third quarter. SG Americas Securities LLC now owns 1,356,462 shares of the construction company’s stock worth $49,647,000 after buying an additional 979,136 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Masco by 100.7% during the third quarter. Morgan Stanley now owns 1,634,167 shares of the construction company’s stock worth $59,809,000 after buying an additional 820,106 shares in the last quarter. Institutional investors own 89.19% of the company’s stock.
In related news, Director Richard A. Manoogian sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $30.98, for a total value of $3,098,000.00. Following the transaction, the director now owns 625,961 shares of the company’s stock, valued at approximately $19,392,271.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard A. Manoogian sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $31.24, for a total transaction of $1,562,000.00. Following the completion of the transaction, the director now directly owns 625,961 shares in the company, valued at approximately $19,555,021.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,900 shares of company stock worth $6,631,092. 1.20% of the stock is owned by insiders.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group set a $34.00 price objective on Masco and gave the company a “hold” rating in a report on Friday, January 11th. Cleveland Research restated a “hold” rating on shares of Masco in a report on Monday, October 22nd. Citigroup decreased their price objective on Masco from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Finally, Bank of America upgraded Masco from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. Masco currently has an average rating of “Buy” and an average target price of $41.25.
Shares of Masco stock opened at $32.22 on Friday. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.13. Masco Corp has a 1-year low of $27.03 and a 1-year high of $46.43. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45.
Masco (NYSE:MAS) last issued its quarterly 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). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. On average, sell-side analysts forecast that Masco Corp will post 2.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Friday, January 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, January 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. Masco’s dividend payout ratio (DPR) is presently 24.74%.
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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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