Masco Corp (NYSE:MAS) Stake Decreased by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. decreased its position in shares of Masco Corp (NYSE:MAS) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,600 shares of the construction company’s stock after selling 30,830 shares during the period. Masco comprises 0.8% of Icon Advisers Inc. Co.’s portfolio, making the stock its 25th biggest position. Icon Advisers Inc. Co. owned about 0.10% of Masco worth $11,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Veritable L.P. increased its stake in Masco by 0.7% in the 2nd quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock valued at $344,000 after buying an additional 59 shares during the last quarter. Stanley Laman Group Ltd. boosted its holdings in shares of Masco by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after buying an additional 63 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Masco by 1.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock worth $209,000 after buying an additional 89 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Masco by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock valued at $757,000 after purchasing an additional 100 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Masco by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock valued at $286,000 after purchasing an additional 105 shares during the period. 89.14% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Kenneth G. Cole sold 2,266 shares of Masco stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the sale, the vice president now directly owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the transaction, the chief financial officer now directly owns 391,443 shares in the company, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. Insiders have sold a total of 90,990 shares of company stock valued at $3,600,733 over the last ninety days. 1.30% of the stock is owned by insiders.

Shares of Masco Corp (NYSE MAS) traded up $0.16 during trading hours on Thursday, hitting $42.31. The stock had a trading volume of 2,805,980 shares, compared to its average volume of 2,642,691. Masco Corp has a 12-month low of $31.29 and a 12-month high of $43.79. The firm has a market capitalization of $13,310.00, a price-to-earnings ratio of 23.36, a PEG ratio of 1.33 and a beta of 1.59. 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 quarterly earnings data 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). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Masco’s quarterly revenue was up 3.1% compared to the same quarter last year. analysts forecast that Masco Corp will post 1.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.99%. This is a boost from Masco’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 12th. Masco’s dividend payout ratio (DPR) is presently 24.85%.

Several equities analysts have recently commented on the stock. Wells Fargo & Company cut shares of Masco from an “outperform” rating to a “market perform” rating and set a $44.00 target price for the company. in a research report on Wednesday, October 25th. Nomura set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Raymond James Financial restated a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of Masco in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Masco has a consensus rating of “Buy” and a consensus target price of $42.88.

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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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