Marshall Wace LLP increased its holdings in shares of Masco Corp (NYSE:MAS) by 452.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 616,408 shares of the construction company’s stock after acquiring an additional 504,868 shares during the period. Marshall Wace LLP owned approximately 0.20% of Masco worth $22,561,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of MAS. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Masco by 103.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the construction company’s stock worth $134,000 after buying an additional 1,858 shares during the last quarter. Acropolis Investment Management LLC acquired a new stake in Masco in the 3rd quarter worth about $146,000. NuWave Investment Management LLC boosted its holdings in Masco by 3,600.9% in the 3rd quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock worth $153,000 after buying an additional 4,069 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in Masco in the 3rd quarter worth about $200,000. Finally, Point72 Hong Kong Ltd boosted its holdings in Masco by 8,377.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock worth $209,000 after buying an additional 5,529 shares during the last quarter. Hedge funds and other institutional investors own 89.27% of the company’s stock.
Several research firms recently issued reports on MAS. Evercore ISI upgraded Masco from an “in-line” rating to an “outperform” rating in a report on Monday, October 1st. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Bank of America set a $40.00 price objective on Masco and gave the stock a “hold” rating in a report on Thursday, October 11th. Cleveland Research reiterated a “hold” rating on shares of Masco in a report on Monday, October 22nd. Finally, Royal Bank of Canada set a $37.00 target price on Masco and gave the stock a “hold” rating in a report on Monday, November 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. Masco presently has an average rating of “Buy” and a consensus target price of $42.68.
Shares of Masco stock opened at $30.13 on Friday. The company has a market cap of $9.31 billion, a PE ratio of 13.31, a P/E/G ratio of 0.89 and a beta of 1.56. Masco Corp has a 1-year low of $27.15 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.13 and a current ratio of 1.71.
Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.05). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, analysts expect that Masco Corp will post 2.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, October 11th. This is a positive change from Masco’s previous quarterly dividend of $0.11. Masco’s payout ratio is presently 24.74%.
In other news, Director Richard A. Manoogian sold 50,000 shares of Masco stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $31.24, for a total transaction of $1,562,000.00. Following the sale, the director now owns 625,961 shares of the company’s stock, valued at approximately $19,555,021.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard A. O’reagan sold 12,900 shares of Masco stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $31.48, for a total transaction of $406,092.00. Following the sale, the insider now directly owns 61,443 shares in the company, valued at approximately $1,934,225.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,900 shares of company stock worth $6,631,092. Corporate insiders own 1.20% of the company’s stock.
Masco Company Profile
Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.
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