Raymond James & Associates Has $22.13 Million Holdings in Masco Corp (NYSE:MAS)

Raymond James & Associates trimmed its holdings in shares of Masco Corp (NYSE:MAS) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440,690 shares of the construction company’s stock after selling 17,752 shares during the period. Raymond James & Associates’ holdings in Masco were worth $22,127,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Mutual of America Capital Management LLC boosted its holdings in shares of Masco by 0.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 39,115 shares of the construction company’s stock worth $1,352,000 after buying an additional 256 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in shares of Masco by 3.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 7,691 shares of the construction company’s stock worth $266,000 after buying an additional 276 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Masco by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 26,788 shares of the construction company’s stock worth $926,000 after buying an additional 281 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Masco by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 4,735 shares of the construction company’s stock worth $164,000 after buying an additional 328 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its holdings in shares of Masco by 61.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 882 shares of the construction company’s stock worth $44,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

In other news, CAO John P. Lindow sold 5,674 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $49.00, for a total transaction of $278,026.00. Following the completion of the sale, the chief accounting officer now directly owns 23,958 shares of the company’s stock, valued at approximately $1,173,942. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO John P. Lindow sold 1,246 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total value of $62,300.00. Following the sale, the chief accounting officer now directly owns 22,712 shares of the company’s stock, valued at $1,135,600. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

MAS has been the topic of a number of research analyst reports. Nomura Instinet increased their price target on Masco from $52.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Wednesday, April 8th. Barclays reiterated a “buy” rating and issued a $46.00 target price on shares of Masco in a report on Thursday, April 30th. Deutsche Bank increased their target price on Masco from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group upgraded Masco from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $40.00 in a report on Friday, April 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. Masco currently has an average rating of “Buy” and a consensus target price of $52.69.

Shares of NYSE:MAS opened at $57.16 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 68.16. The stock’s fifty day simple moving average is $50.53 and its two-hundred day simple moving average is $44.69. Masco Corp has a 1-year low of $27.04 and a 1-year high of $57.85. The stock has a market cap of $15.04 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.49.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.20. Masco had a negative return on equity of 1,729.19% and a net margin of 19.23%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $0.88 EPS. The business’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Masco Corp will post 2.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, July 9th. Masco’s dividend payout ratio is presently 24.00%.

Masco Company Profile

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.

Further Reading: Coverage Ratio

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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