Central Bank & Trust Co. cut its position in shares of Masco Corp (NYSE:MAS) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,626 shares of the construction company’s stock after selling 4,682 shares during the quarter. Masco makes up 2.4% of Central Bank & Trust Co.’s investment portfolio, making the stock its 4th largest position. Central Bank & Trust Co. owned about 0.07% of Masco worth $9,780,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of MAS. Bank of Montreal Can boosted its position in shares of Masco by 308.9% in the fourth quarter. Bank of Montreal Can now owns 855,369 shares of the construction company’s stock worth $37,585,000 after acquiring an additional 646,158 shares during the last quarter. Daiwa SB Investments Ltd. boosted its position in shares of Masco by 80.7% in the fourth quarter. Daiwa SB Investments Ltd. now owns 24,770 shares of the construction company’s stock worth $1,088,000 after acquiring an additional 11,060 shares during the last quarter. Hutchens Investment Management Inc acquired a new stake in shares of Masco in the fourth quarter worth approximately $285,000. Atlantic Trust Group LLC boosted its position in shares of Masco by 41.7% in the third quarter. Atlantic Trust Group LLC now owns 283,339 shares of the construction company’s stock worth $11,053,000 after acquiring an additional 83,372 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Masco by 5.8% in the third quarter. Parametric Portfolio Associates LLC now owns 736,811 shares of the construction company’s stock worth $28,743,000 after acquiring an additional 40,248 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.
In other news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now directly owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the transaction, the vice president now directly owns 101,681 shares in the company, valued at $4,074,357.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,961 shares of company stock worth $3,537,891. 1.30% of the stock is currently owned by corporate insiders.
Shares of Masco Corp (MAS) traded down $0.52 during mid-day trading on Tuesday, reaching $45.24. 3,090,188 shares of the company’s stock were exchanged, compared to its average volume of 2,848,070. The firm has a market capitalization of $14,410.00, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.20 and a beta of 1.58. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. Masco Corp has a 1 year low of $31.29 and a 1 year high of $46.16.
Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. research analysts anticipate that Masco Corp will post 1.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a yield of 0.93%. Masco’s dividend payout ratio (DPR) is 24.85%.
Several equities research analysts recently issued reports on MAS shares. Robert W. Baird raised their target price on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Citigroup raised their target price on shares of Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. FBR & Co reissued a “buy” rating and issued a $46.00 target price (up from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Royal Bank of Canada raised their target price on shares of Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $43.47.
Masco Company Profile
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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