Thrivent Financial For Lutherans cut its position in shares of Masco Corp (NYSE:MAS) by 39.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,249 shares of the construction company’s stock after selling 136,509 shares during the period. Thrivent Financial For Lutherans owned about 0.07% of Masco worth $9,370,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. First Personal Financial Services bought a new stake in Masco during the 4th quarter valued at $100,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in Masco during the 4th quarter valued at $114,000. Tower Research Capital LLC TRC raised its position in Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after purchasing an additional 2,772 shares in the last quarter. Parsons Capital Management Inc. RI bought a new stake in Masco during the 4th quarter valued at $204,000. Finally, Sigma Planning Corp bought a new stake in Masco during the 4th quarter valued at $205,000. 90.07% of the stock is owned by institutional investors and hedge funds.
In related news, Director J Michael Losh sold 5,592 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $42.02, for a total transaction of $234,975.84. Following the transaction, the director now directly owns 69,926 shares in the company, valued at approximately $2,938,290.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard A. Manoogian sold 82,701 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total value of $3,547,045.89. Following the transaction, the director now owns 692,102 shares in the company, valued at $29,684,254.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,150 shares of company stock worth $4,462,062. 1.30% of the stock is owned by company insiders.
Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. research analysts anticipate that Masco Corp will post 2.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Friday, January 12th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.42 annualized dividend and a yield of 0.99%. Masco’s dividend payout ratio (DPR) is 25.45%.
A number of equities research analysts have weighed in on MAS shares. Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 target price (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. 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. Finally, Deutsche Bank lifted 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. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target 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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