Teachers Advisors LLC raised its stake in Masco Corp (NYSE:MAS) by 12.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,172,925 shares of the construction company’s stock after acquiring an additional 245,342 shares during the period. Teachers Advisors LLC’s holdings in Masco were worth $95,478,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in Masco by 56.7% in the third quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock valued at $1,364,000 after purchasing an additional 12,649 shares during the last quarter. Prudential Financial Inc. lifted its position in Masco by 2.3% in the third quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after purchasing an additional 11,362 shares during the last quarter. Palladium Partners LLC lifted its position in Masco by 1.1% in the third quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after purchasing an additional 3,250 shares during the last quarter. Parsons Capital Management Inc. RI bought a new stake in Masco in the fourth quarter valued at approximately $204,000. Finally, Parametric Portfolio Associates LLC lifted its position in Masco by 5.8% in the third quarter. Parametric Portfolio Associates LLC now owns 736,811 shares of the construction company’s stock valued at $28,743,000 after purchasing an additional 40,248 shares during the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.
Several brokerages have weighed in on MAS. Zacks Investment Research downgraded Masco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank boosted their price objective on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Royal Bank of Canada set a $46.00 price objective on Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group reiterated a “neutral” rating and issued a $46.00 price objective (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. downgraded Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.60.
In related news, Director J Michael Losh sold 5,592 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $42.02, for a total value of $234,975.84. Following the sale, the director now directly owns 69,926 shares of the company’s stock, valued at $2,938,290.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard A. Manoogian sold 82,701 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total value of $3,547,045.89. Following the completion of the sale, the director now directly owns 692,102 shares in the company, valued at $29,684,254.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,150 shares of company stock worth $4,462,062. 1.30% of the stock is owned by insiders.
Masco Corp (MAS) opened at $41.57 on Thursday. 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 Corp has a 12 month low of $32.97 and a 12 month high of $46.44. The stock has a market capitalization of $13,253.33, a P/E ratio of 25.19, a PEG ratio of 1.06 and a beta of 1.51.
Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. sell-side analysts anticipate that Masco Corp will post 2.55 EPS for the current fiscal year.
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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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