Daiwa Securities Group Inc. boosted its stake in shares of Masco Corp (NYSE:MAS) by 129.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,214 shares of the construction company’s stock after purchasing an additional 12,552 shares during the period. Daiwa Securities Group Inc.’s holdings in Masco were worth $976,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAS. California Public Employees Retirement System lifted its position in shares of Masco by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 788,655 shares of the construction company’s stock valued at $34,654,000 after acquiring an additional 17,107 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Masco in the fourth quarter valued at about $4,404,000. Icon Advisers Inc. Co. lifted its position in shares of Masco by 62.2% in the fourth quarter. Icon Advisers Inc. Co. now owns 498,907 shares of the construction company’s stock valued at $21,922,000 after acquiring an additional 191,307 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Masco by 108.9% in the fourth quarter. Teacher Retirement System of Texas now owns 214,315 shares of the construction company’s stock valued at $9,417,000 after acquiring an additional 111,699 shares in the last quarter. Finally, Chase Investment Counsel Corp lifted its position in shares of Masco by 240.6% in the fourth quarter. Chase Investment Counsel Corp now owns 103,044 shares of the construction company’s stock valued at $4,527,000 after acquiring an additional 72,793 shares in the last quarter. Institutional investors own 88.25% of the company’s stock.
Shares of Masco Corp (MAS) opened at $43.21 on Friday. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. The company has a market capitalization of $13,590.00, a PE ratio of 26.03, a P/E/G ratio of 1.07 and a beta of 1.49. Masco Corp has a 52-week low of $32.97 and a 52-week high of $46.44.
Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. analysts anticipate that Masco Corp will post 2.57 EPS 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 $0.105 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Masco’s dividend payout ratio is currently 25.30%.
Several brokerages have recently commented on MAS. B. Riley restated a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Barclays set a $45.00 price objective on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. FBR & Co restated a “buy” rating and issued a $46.00 price objective (up from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Finally, Nomura set a $45.00 price objective on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Masco has an average rating of “Buy” and a consensus price target of $44.07.
In related 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 value of $109,523.70. Following the sale, the vice president now directly owns 65,423 shares in the company, valued at $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.
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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