QS Investors LLC lessened its holdings in shares of Masco Corp (NYSE:MAS) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,196 shares of the construction company’s stock after selling 13,402 shares during the period. QS Investors LLC’s holdings in Masco were worth $6,072,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MAS. First Personal Financial Services purchased a new position in Masco in the 4th quarter worth $100,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Masco in the 4th quarter worth $114,000. Tower Research Capital LLC TRC raised its stake in Masco by 299.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,772 shares during the last quarter. Parsons Capital Management Inc. RI purchased a new position in Masco in the 4th quarter worth $204,000. Finally, Sigma Planning Corp purchased a new position in Masco in the 4th quarter worth $205,000. Institutional investors own 90.07% of the company’s stock.
In other news, insider Joseph B. Gross sold 10,203 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $42.95, for a total transaction of $438,218.85. Following the sale, the insider now directly owns 51,020 shares in the company, valued at approximately $2,191,309. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard A. Manoogian sold 82,701 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $42.89, for a total value of $3,547,045.89. Following the sale, the director now owns 692,102 shares in the company, valued at $29,684,254.78. The disclosure for this sale can be found here. Insiders have sold a total of 104,150 shares of company stock valued at $4,462,062 in the last quarter. Company insiders own 1.30% of the company’s stock.
Masco Corp (NYSE MAS) opened at $42.29 on Wednesday. The firm has a market capitalization of $13,309.74, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. Masco Corp has a 52 week low of $32.97 and a 52 week high of $46.44. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.49 and a current ratio of 1.97.
Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. equities research analysts expect that Masco Corp will post 2.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, January 12th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.99%. Masco’s payout ratio is currently 25.45%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Masco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank raised their target price on Masco from $39.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Royal Bank of Canada set a $46.00 target price on Masco and gave the stock a “buy” rating in a research note on Friday, February 9th. Credit Suisse Group restated a “neutral” rating and issued a $46.00 target price (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.60.
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.
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corp (NYSE:MAS).
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.