State of Tennessee Treasury Department raised its holdings in shares of Masco Corp (NYSE:MAS) by 28.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,301 shares of the construction company’s stock after buying an additional 22,132 shares during the period. State of Tennessee Treasury Department’s holdings in Masco were worth $3,982,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of MAS. Mackay Shields LLC raised its holdings in shares of Masco by 176.8% during the 4th quarter. Mackay Shields LLC now owns 135,721 shares of the construction company’s stock valued at $3,968,000 after purchasing an additional 86,680 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Masco during the 1st quarter valued at $247,000. BlackRock Inc. raised its holdings in shares of Masco by 16.1% during the 4th quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock valued at $752,319,000 after purchasing an additional 3,573,503 shares in the last quarter. Sciencast Management LP bought a new position in shares of Masco during the 1st quarter valued at $885,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Masco by 7.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,268,583 shares of the construction company’s stock valued at $49,868,000 after purchasing an additional 88,509 shares in the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.
NYSE MAS opened at $39.04 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 65.98. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 1.54 and a beta of 1.44. Masco Corp has a 52-week low of $27.03 and a 52-week high of $41.00.
Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.03). The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.99 billion. Masco had a return on equity of 675.68% and a net margin of 8.40%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Research analysts forecast that Masco Corp will post 2.66 EPS for the current fiscal year.
MAS has been the topic of a number of research analyst reports. Raymond James upgraded shares of Masco from a “market perform” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Friday, April 26th. Zelman & Associates upgraded shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. SunTrust Banks raised their target price on shares of Masco to $52.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. They noted that the move was a valuation call. Barclays set a $44.00 target price on shares of Masco and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Nomura raised their target price on shares of Masco from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.29.
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Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.
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