Sigma Planning Corp purchased a new stake in shares of Masco Corp (NYSE:MAS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,660 shares of the construction company’s stock, valued at approximately $205,000.
A number of other large investors have also recently modified their holdings of the stock. KBC Group NV grew its holdings in Masco by 34.2% during the 4th quarter. KBC Group NV now owns 55,784 shares of the construction company’s stock valued at $2,452,000 after purchasing an additional 14,210 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Masco by 129.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 22,214 shares of the construction company’s stock valued at $976,000 after purchasing an additional 12,552 shares during the last quarter. California Public Employees Retirement System grew its holdings in Masco by 2.2% during the 4th quarter. California Public Employees Retirement System now owns 788,655 shares of the construction company’s stock valued at $34,654,000 after purchasing an additional 17,107 shares during the last quarter. Shelton Capital Management bought a new position in Masco during the 4th quarter valued at about $4,404,000. Finally, Icon Advisers Inc. Co. grew its holdings in Masco by 62.2% during the 4th quarter. Icon Advisers Inc. Co. now owns 498,907 shares of the construction company’s stock valued at $21,922,000 after purchasing an additional 191,307 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.
In related news, Director Lokeren Mary Ann Van sold 5,654 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.77, for a total transaction of $241,821.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph B. Gross sold 10,203 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were 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 of the company’s stock, valued at approximately $2,191,309. The disclosure for this sale can be found here. Insiders have sold 104,150 shares of company stock valued at $4,462,062 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. research analysts expect that Masco Corp will post 2.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Friday, January 12th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a yield of 0.99%. Masco’s payout ratio is 25.45%.
Several equities analysts recently commented on MAS shares. Zacks Investment Research downgraded shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group reissued a “neutral” rating and issued a $46.00 price objective (up 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, Deutsche Bank boosted their price objective on shares of Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Masco presently has an average rating of “Buy” and an average price target of $44.60.
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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