Crestline Management LP reduced its stake in Masco Corp (NYSE:MAS) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,736 shares of the construction company’s stock after selling 37,944 shares during the period. Crestline Management LP’s holdings in Masco were worth $2,946,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in MAS. Russell Investments Group Ltd. lifted its position in shares of Masco by 16.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 167,898 shares of the construction company’s stock worth $6,176,000 after buying an additional 23,610 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Masco by 119.7% during the 3rd quarter. Victory Capital Management Inc. now owns 208,501 shares of the construction company’s stock worth $7,631,000 after buying an additional 113,596 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Masco by 25.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,109,646 shares of the construction company’s stock worth $40,612,000 after buying an additional 223,687 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Masco during the 3rd quarter worth approximately $560,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Masco by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,016,292 shares of the construction company’s stock worth $37,196,000 after buying an additional 13,231 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.
In related news, VP Kenneth G. Cole sold 23,161 shares of Masco stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $40.03, for a total value of $927,134.83. Following the completion of the transaction, the vice president now directly owns 96,843 shares in the company, valued at approximately $3,876,625.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John P. Lindow sold 37,795 shares of Masco stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the transaction, the vice president now owns 60,454 shares of the company’s stock, valued at $2,361,937.78. The disclosure for this sale can be found here. Insiders sold a total of 298,940 shares of company stock valued at $11,890,269 over the last quarter. 1.20% of the stock is owned by company insiders.
MAS has been the topic of several recent analyst reports. TheStreet raised shares of Masco from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Bank of America raised 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 raised 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 price target on shares of Masco and gave the stock a “buy” rating in a report on Monday, December 17th. Finally, Buckingham Research started coverage on shares of Masco in a report on Wednesday, January 23rd. They issued a “buy” rating and a $39.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.90.
Masco stock opened at $38.98 on Friday. Masco Corp has a 1-year low of $27.03 and a 1-year high of $42.27. The company has a market capitalization of $11.48 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 43.06.
Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 7th. The construction company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $0.44 EPS. Masco’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Masco Corp will post 2.69 EPS 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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