Deutsche Bank AG reduced its stake in Masco Corp (NYSE:MAS) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,846,283 shares of the construction company’s stock after selling 221,155 shares during the period. Deutsche Bank AG owned 0.59% of Masco worth $81,122,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in MAS. First Personal Financial Services acquired a new stake in shares of 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 valued at approximately $114,000. Tower Research Capital LLC TRC boosted its holdings 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 valued at $162,000 after acquiring an additional 2,772 shares during the period. Parsons Capital Management Inc. RI acquired a new stake in shares of Masco in the fourth quarter valued at approximately $204,000. Finally, Sigma Planning Corp acquired a new stake in shares of Masco in the fourth quarter valued at approximately $205,000. Institutional investors own 90.07% of the company’s stock.
In other Masco news, insider Joseph B. Gross sold 10,203 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $42.95, for a total value of $438,218.85. Following the completion of the sale, the insider now owns 51,020 shares of the company’s stock, valued at $2,191,309. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director J Michael Losh sold 5,592 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total value of $234,975.84. Following the completion of the sale, the director now directly owns 69,926 shares of the company’s stock, valued at approximately $2,938,290.52. The disclosure for this sale can be found here. In the last three months, insiders sold 98,496 shares of company stock valued at $4,220,241. 1.30% of the stock is owned by corporate insiders.
Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. analysts anticipate that Masco Corp will post 2.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, January 12th were issued a $0.105 dividend. 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%.
MAS has been the subject of several research analyst reports. Royal Bank of Canada set a $46.00 price objective on Masco and gave the company a “buy” rating in a report on Friday, February 9th. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Deutsche Bank increased their price objective on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. downgraded Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $46.00 price objective (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.60.
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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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