Janus Henderson Group PLC decreased its stake in Masco Corp (NYSE:MAS) by 75.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456,282 shares of the construction company’s stock after selling 1,366,894 shares during the period. Janus Henderson Group PLC owned 0.15% of Masco worth $16,698,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of MAS. Point72 Asset Management L.P. boosted its holdings in shares of Masco by 147.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock valued at $86,526,000 after buying an additional 1,377,136 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Masco by 1,747.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,361,542 shares of the construction company’s stock valued at $2,598,000 after buying an additional 1,287,847 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Masco by 259.5% in the 3rd quarter. SG Americas Securities LLC now owns 1,356,462 shares of the construction company’s stock valued at $49,647,000 after buying an additional 979,136 shares in the last quarter. Nokota Management LP acquired a new position in shares of Masco in the 2nd quarter valued at $30,694,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Masco by 3,816.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 699,626 shares of the construction company’s stock valued at $26,180,000 after buying an additional 681,761 shares in the last quarter. Institutional investors and hedge funds own 89.27% of the company’s stock.
Shares of Masco stock opened at $30.13 on Friday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.89 and a beta of 1.56. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 14.35. Masco Corp has a one year low of $27.15 and a one year high of $46.44.
Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, equities research analysts forecast that Masco Corp will post 2.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. This is an increase from Masco’s previous quarterly dividend of $0.11. Masco’s dividend payout ratio is presently 24.74%.
Several research firms recently commented on MAS. ValuEngine downgraded shares of Masco from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th. Deutsche Bank reduced their price target on shares of Masco from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price target on shares of Masco in a research report on Wednesday, October 31st. Argus set a $43.00 price target on shares of Masco and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded shares of Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. Masco currently has a consensus rating of “Buy” and a consensus target price of $42.68.
In other Masco news, Director Richard A. Manoogian sold 50,000 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $31.30, for a total transaction of $1,565,000.00. Following the completion of the transaction, the director now owns 575,961 shares in the company, valued at approximately $18,027,579.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard A. O’reagan sold 12,900 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $31.48, for a total transaction of $406,092.00. Following the transaction, the insider now owns 61,443 shares of the company’s stock, valued at approximately $1,934,225.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,900 shares of company stock valued at $6,631,092. 1.20% of the stock is owned by insiders.
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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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