Dalton Greiner Hartman Maher & Co. lowered its position in Masco Corp (NYSE:MAS) by 82.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,912 shares of the construction company’s stock after selling 187,194 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Masco were worth $1,196,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highland Capital Management LLC raised its holdings in Masco by 1.8% in the 4th quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock valued at $708,000 after acquiring an additional 430 shares during the period. Granite Investment Advisors LLC increased its stake in Masco by 13.8% in the fourth quarter. Granite Investment Advisors LLC now owns 8,250 shares of the construction company’s stock valued at $241,000 after acquiring an additional 1,000 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Masco by 15.4% in the third quarter. Daiwa Securities Group Inc. now owns 12,062 shares of the construction company’s stock valued at $441,000 after acquiring an additional 1,613 shares during the last quarter. FDx Advisors Inc. increased its stake in Masco by 20.6% in the third quarter. FDx Advisors Inc. now owns 10,396 shares of the construction company’s stock valued at $380,000 after acquiring an additional 1,774 shares during the last quarter. Finally, Daiwa SB Investments Ltd. increased its stake in Masco by 9.2% in the third quarter. Daiwa SB Investments Ltd. now owns 21,450 shares of the construction company’s stock valued at $785,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 89.02% of the company’s stock.
In other Masco news, Director Richard A. Manoogian sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the completion of the sale, the director now directly owns 625,961 shares in the company, valued at approximately $19,392,271.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard A. O’reagan sold 12,900 shares of Masco stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $31.48, for a total transaction of $406,092.00. Following the completion of the sale, the insider now owns 61,443 shares of the company’s stock, valued at $1,934,225.64. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Masco from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. ValuEngine lowered shares of Masco from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. Deutsche Bank cut their price target on shares of Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Royal Bank of Canada upgraded shares of Masco from a “sector perform” rating to an “outperform” rating and set a $31.69 price target on the stock in a report on Sunday, December 9th. Finally, Nomura set a $37.00 target price on shares of Masco and gave the stock a “buy” rating in a research note on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.65.
MAS traded up $0.33 during midday trading on Monday, reaching $36.23. The company had a trading volume of 4,653,960 shares, compared to its average volume of 4,509,913. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 43.06. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.18 and a beta of 1.44. Masco Corp has a 12-month low of $27.03 and a 12-month high of $43.69.
Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 7th. The construction company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Masco Corp will post 2.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Friday, January 11th will be paid a $0.12 dividend. The ex-dividend date is Thursday, January 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. Masco’s dividend payout ratio (DPR) is 19.20%.
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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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