Hutchens Investment Management Inc Purchases New Holdings in Masco Corp (MAS)

Hutchens Investment Management Inc purchased a new stake in Masco Corp (NYSE:MAS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,500 shares of the construction company’s stock, valued at approximately $285,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Atlantic Trust Group LLC raised its holdings 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 valued at $11,053,000 after buying an additional 83,372 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings 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 valued at $28,743,000 after buying an additional 40,248 shares during the last quarter. AXA raised its holdings in shares of Masco by 48.9% in the third quarter. AXA now owns 156,526 shares of the construction company’s stock valued at $6,106,000 after buying an additional 51,400 shares during the last quarter. Visionary Asset Management Inc. bought a new position in shares of Masco in the third quarter valued at about $216,000. Finally, Algert Global LLC bought a new position in shares of Masco in the third quarter valued at about $1,128,000. 88.93% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on MAS shares. Zacks Investment Research lowered Masco from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Robert W. Baird lifted their price objective on Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. KeyCorp reiterated a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. Royal Bank of Canada lifted their price objective on Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently 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 business’s stock in a transaction dated 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 is available through this link. Also, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following 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. Insiders have sold a total of 88,961 shares of company stock valued at $3,537,891 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Masco Corp (MAS) traded up $0.76 during trading on Wednesday, hitting $45.43. The stock had a trading volume of 3,414,000 shares, compared to its average volume of 2,927,383. The firm has a market cap of $14,290.00, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.19 and a beta of 1.58. Masco Corp has a 52 week low of $31.29 and a 52 week high of $45.55. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders 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 annualized dividend and a dividend yield of 0.92%. Masco’s payout ratio is currently 24.85%.

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Masco 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 (NYSE:MAS)

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