American International Group Inc. Reduces Position in Masco Corp (MAS)

American International Group Inc. decreased its holdings in shares of Masco Corp (NYSE:MAS) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,701 shares of the construction company’s stock after selling 23,406 shares during the quarter. American International Group Inc.’s holdings in Masco were worth $6,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAS. First Personal Financial Services acquired a new stake in Masco during the fourth quarter worth about $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in Masco during the fourth quarter worth about $114,000. Avestar Capital LLC acquired a new stake in Masco during the fourth quarter worth about $135,000. Dupont Capital Management Corp raised its stake in Masco by 61.3% during the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock worth $158,000 after acquiring an additional 1,486 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Masco by 299.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,772 shares during the period. Hedge funds and other institutional investors own 88.21% of the company’s stock.

MAS has been the topic of several research reports. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Friday, February 9th. Deutsche Bank raised their price target on shares of Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Zacks Investment Research lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Argus set a $50.00 price target on shares of Masco and gave the company a “buy” rating in a research note on Friday, April 13th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $46.00 price target on shares of Masco and gave the company a “hold” rating in a research note on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Masco currently has an average rating of “Buy” and an average price target of $44.75.

In other news, Director J Michael Losh sold 5,592 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total value of $234,975.84. Following the completion of the transaction, the director now directly owns 69,926 shares in the company, valued at $2,938,290.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 16,823 shares of company stock valued at $710,195 over the last quarter. Insiders own 1.20% of the company’s stock.

Masco stock opened at $37.52 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.69 and a debt-to-equity ratio of 16.23. The company has a market capitalization of $11.49 billion, a PE ratio of 19.34, a P/E/G ratio of 0.96 and a beta of 1.52. Masco Corp has a 12-month low of $35.79 and a 12-month high of $46.44.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, April 24th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.86 billion. Masco had a net margin of 6.96% and a return on equity of 512.88%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. sell-side analysts anticipate that Masco Corp will post 2.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Friday, April 13th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, April 12th. Masco’s dividend payout ratio (DPR) is presently 21.65%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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