Bokf Na increased its position in shares of Masco Corp (NYSE:MAS) by 56.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,479 shares of the construction company’s stock after acquiring an additional 17,933 shares during the quarter. Bokf Na’s holdings in Masco were worth $1,447,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Masco by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 3,821,402 shares of the construction company’s stock valued at $111,533,000 after purchasing an additional 252,240 shares during the last quarter. Fort L.P. boosted its holdings in shares of Masco by 15.5% in the 4th quarter. Fort L.P. now owns 27,172 shares of the construction company’s stock valued at $795,000 after purchasing an additional 3,648 shares during the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of Masco by 5.0% in the 4th quarter. Neuburgh Advisers LLC now owns 23,040 shares of the construction company’s stock valued at $674,000 after purchasing an additional 1,104 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Masco by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 518,748 shares of the construction company’s stock valued at $15,168,000 after purchasing an additional 3,734 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in shares of Masco by 258.8% in the 4th quarter. Natixis Advisors L.P. now owns 47,632 shares of the construction company’s stock valued at $1,393,000 after purchasing an additional 34,355 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.
In related news, insider Richard A. O’reagan sold 12,336 shares of Masco stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $39.48, for a total transaction of $487,025.28. Following the sale, the insider now owns 54,403 shares of the company’s stock, valued at approximately $2,147,830.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keith J. Allman sold 51,283 shares of Masco stock in a transaction on Monday, March 4th. The stock was sold at an average price of $39.82, for a total transaction of $2,042,089.06. Following the sale, the insider now directly owns 426,072 shares in the company, valued at approximately $16,966,187.04. The disclosure for this sale can be found here. Insiders have sold a total of 298,940 shares of company stock worth $11,890,269 in the last ninety days. 1.20% of the stock is currently owned by insiders.
MAS has been the topic of a number of research analyst reports. TheStreet upgraded shares of Masco from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Bank of America upgraded shares of Masco from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, January 4th. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, January 2nd. Nomura set a $37.00 target price on shares of Masco and gave the company a “buy” rating in a research note on Monday, December 17th. Finally, Buckingham Research began coverage on shares of Masco in a research note on Wednesday, January 23rd. They issued a “buy” rating and a $39.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $42.90.
Shares of MAS stock opened at $38.98 on Friday. Masco Corp has a 52 week low of $27.03 and a 52 week high of $42.27. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 43.06. The firm has a market capitalization of $11.48 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46.
Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that Masco Corp will post 2.69 earnings per share for the current year.
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Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.
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