QS Investors LLC lowered its position in Masco Corp (NYSE:MAS) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,196 shares of the construction company’s stock after selling 13,402 shares during the quarter. QS Investors LLC’s holdings in Masco were worth $6,072,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in MAS. First Personal Financial Services bought a new position in Masco in the fourth quarter worth approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in Masco in the fourth quarter worth approximately $114,000. Tower Research Capital LLC TRC grew its stake in 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 purchasing an additional 2,772 shares in the last quarter. Parsons Capital Management Inc. RI bought a new position in Masco in the fourth quarter worth approximately $204,000. Finally, Sigma Planning Corp bought a new position in Masco in the fourth quarter worth approximately $205,000. 90.07% of the stock is currently owned by institutional investors.
In other news, Director Richard A. Manoogian sold 82,701 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total transaction of $3,547,045.89. Following the completion of the sale, the director now owns 692,102 shares in the company, valued at approximately $29,684,254.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J Michael Losh sold 5,592 shares of the 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 sale, the director now 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 quarter, insiders have sold 104,150 shares of company stock valued at $4,462,062. Company insiders own 1.30% of the company’s stock.
Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating the 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 analyst estimates of $1.84 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts forecast that Masco Corp will post 2.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. Masco’s dividend payout ratio is presently 25.45%.
Several brokerages recently issued reports on MAS. Credit Suisse Group reissued a “neutral” rating and issued a $46.00 price objective (up previously 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 Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Zacks Investment Research raised Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, January 3rd. Deutsche Bank increased their target price on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada set a $46.00 target price on Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Masco presently has a consensus rating of “Buy” and a consensus price target of $44.60.
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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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