Masco Corporation (MAS) Holdings Lifted by Shell Asset Management Co.

Shell Asset Management Co. boosted its holdings in Masco Corporation (NYSE:MAS) by 200.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,537 shares of the construction company’s stock after purchasing an additional 40,364 shares during the quarter. Shell Asset Management Co.’s holdings in Masco Corporation were worth $1,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Veritable L.P. raised its position in Masco Corporation by 0.7% in the second quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock worth $344,000 after acquiring an additional 59 shares during the period. Stanley Laman Group Ltd. raised its position in Masco Corporation by 0.4% in the second quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after acquiring an additional 63 shares during the period. Hills Bank & Trust Co. raised its position in Masco Corporation by 0.3% in the second quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after acquiring an additional 75 shares during the period. Commonwealth Bank of Australia raised its position in Masco Corporation by 1.6% in the second quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock worth $209,000 after acquiring an additional 89 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Masco Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

In related news, VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the completion of the transaction, the vice president now directly owns 101,681 shares in the company, valued at approximately $4,074,357.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the completion of the transaction, the chief financial officer now owns 391,443 shares of the company’s stock, valued at $15,591,174.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,990 shares of company stock valued at $3,600,733. Company insiders own 1.30% of the company’s stock.

Masco Corporation (MAS) traded up $0.28 during trading hours on Tuesday, reaching $38.89. 2,039,000 shares of the company’s stock traded hands, compared to its average volume of 2,654,878. The stock has a market cap of $12,145.37, a P/E ratio of 20.98, a PEG ratio of 1.20 and a beta of 1.56. Masco Corporation has a 12 month low of $30.08 and a 12 month high of $41.10. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94.

Masco Corporation (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts anticipate that Masco Corporation will post 1.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were paid a $0.105 dividend. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, October 12th. Masco Corporation’s payout ratio is currently 25.00%.

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A number of analysts have recently issued reports on MAS shares. Robert W. Baird increased their price objective on shares of Masco Corporation from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Citigroup Inc. raised their target price on shares of Masco Corporation from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Barclays PLC raised their target price on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Credit Suisse Group AG set a $36.00 target price on shares of Masco Corporation and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, FBR & Co reissued a “buy” rating and issued a $46.00 price objective (up from $43.00) on shares of Masco Corporation in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.71.

Masco Corporation 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.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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