Masco Corp (MAS) Holdings Lifted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Masco Corp (NYSE:MAS) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,391 shares of the construction company’s stock after buying an additional 8,374 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Masco worth $7,700,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Veritable L.P. boosted 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 in the last quarter. Stanley Laman Group Ltd. boosted its stake in Masco by 0.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock valued at $634,000 after buying an additional 63 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Masco by 1.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after buying an additional 89 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake 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 buying an additional 105 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its stake in Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after buying an additional 127 shares in the last quarter. 89.14% of the stock is currently owned by institutional investors.
Several analysts recently commented on MAS shares. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 price target on shares of Masco in a research note on Monday, August 28th. Zacks Investment Research raised Masco from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of Masco in a research note on Tuesday, September 26th. Wells Fargo & Company downgraded Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada lifted their price objective on Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.88.
Masco Corp (NYSE:MAS) traded down $0.30 during mid-day trading on Tuesday, hitting $42.42. The stock had a trading volume of 1,749,600 shares, compared to its average volume of 2,644,004. The company has a market capitalization of $13,438.23, a P/E ratio of 23.22, a P/E/G ratio of 1.32 and a beta of 1.59. Masco Corp has a 12 month low of $31.29 and a 12 month high of $43.79. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.
Masco (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. analysts predict that Masco Corp will post 1.95 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Masco’s previous quarterly dividend of $0.10. Masco’s payout ratio is presently 25.00%.
In related news, VP Renee Straber sold 2,574 shares of the company’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 completion of the sale, the vice president now owns 65,423 shares in the company, valued at $2,783,748.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,227 shares of company stock valued at $3,622,549. 1.30% of the stock is currently owned by corporate insiders.
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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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