Bp Plc Sells 70,000 Shares of Masco Corp (MAS)

Bp Plc trimmed its position in Masco Corp (NYSE:MAS) by 66.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,000 shares of the construction company’s stock after selling 70,000 shares during the period. Bp Plc’s holdings in Masco were worth $1,582,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in Masco in the 4th quarter valued at about $100,000. Advisory Services Network LLC lifted its holdings in Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares in the last quarter. Parsons Capital Management Inc. RI purchased a new position in Masco in the 4th quarter valued at about $204,000. Dearborn Partners LLC purchased a new position in Masco in the 4th quarter valued at about $211,000. Finally, Visionary Asset Management Inc. purchased a new position in shares of Masco during the 3rd quarter worth about $216,000. Institutional investors own 89.90% of the company’s stock.

MAS has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Citigroup increased their price objective on shares of Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Friday. FBR & Co reiterated a “buy” rating and set a $46.00 price objective (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.07.

In related news, VP Renee Straber sold 2,574 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the sale, the vice president now owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Shares of Masco Corp (NYSE MAS) opened at $42.13 on Monday. The stock has a market cap of $13,203.16, a P/E ratio of 25.53, a P/E/G ratio of 1.05 and a beta of 1.49. Masco Corp has a 1 year low of $32.88 and a 1 year high of $46.44. The company has a current ratio of 1.97, a quick ratio of 1.43 and a debt-to-equity ratio of 16.87.

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, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. analysts expect that Masco Corp will post 2.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is presently 25.45%.

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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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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