Dalton Greiner Hartman Maher & Co. lowered its holdings in shares of Masco Corp (NYSE:MAS) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 264,747 shares of the construction company’s stock after selling 32,289 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned approximately 0.08% of Masco worth $11,633,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Masco during the 2nd quarter valued at about $101,000. YorkBridge Wealth Partners LLC increased its holdings in Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after acquiring an additional 127 shares in the last quarter. Advisory Services Network LLC increased its holdings in Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after acquiring an additional 763 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in Masco in the 2nd quarter worth approximately $166,000. Finally, Visionary Asset Management Inc. purchased a new stake in Masco in the 3rd quarter worth approximately $216,000. 89.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Masco Corp (NYSE:MAS) opened at $45.83 on Thursday. 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 fifty-two week low of $31.29 and a fifty-two week high of $46.16. The stock has a market cap of $14,230.93, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.58.
Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. equities research analysts anticipate that Masco Corp will post 1.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is currently 25.00%.
Several research firms recently issued reports on MAS. B. Riley reissued a “buy” rating on shares of Masco in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Masco in a report on Tuesday, September 26th. Nomura set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, January 3rd. Finally, Citigroup increased their target price on shares of Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.47.
In other news, VP Renee Straber sold 2,574 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the transaction, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the transaction, the director now owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The disclosure for this sale can be found here. Insiders have sold a total of 88,961 shares of company stock valued at $3,537,891 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
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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