Robecosam AG raised its holdings in Masco Corp (NYSE:MAS) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 401,188 shares of the construction company’s stock after acquiring an additional 12,357 shares during the quarter. Masco comprises approximately 1.2% of Robecosam AG’s holdings, making the stock its 26th largest position. Robecosam AG owned about 0.13% of Masco worth $17,700,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of MAS. First Personal Financial Services acquired a new stake in Masco in the fourth quarter valued at approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Masco in the fourth quarter worth $114,000. Tower Research Capital LLC TRC lifted its stake in shares of Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after buying an additional 2,772 shares during the last quarter. Parsons Capital Management Inc. RI acquired a new stake in shares of Masco in the fourth quarter worth $204,000. Finally, Sigma Planning Corp acquired a new stake in shares of Masco in the fourth quarter worth $205,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.
A number of brokerages have recently weighed in on MAS. Credit Suisse Group restated a “neutral” rating and issued a $46.00 price objective (up from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, January 3rd. Deutsche Bank boosted their price objective on shares of Masco from $39.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and a consensus price target of $44.60.
Masco (NYSE:MAS) last announced its earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Masco’s revenue was up 6.5% compared to the same quarter last year. analysts expect that Masco Corp will post 2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Friday, January 12th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, January 11th. Masco’s dividend payout ratio (DPR) is currently 25.45%.
In other Masco news, insider Joseph B. Gross sold 10,203 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $42.95, for a total value of $438,218.85. Following the sale, the insider now owns 51,020 shares of the company’s stock, valued at approximately $2,191,309. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director J Michael Losh sold 5,592 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total transaction of $234,975.84. Following the completion of the sale, the director now directly owns 69,926 shares in the company, valued at approximately $2,938,290.52. The disclosure for this sale can be found here. Insiders have sold 98,496 shares of company stock worth $4,220,241 in the last ninety days. 1.30% of the stock is currently owned by insiders.
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Masco Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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