Water Asset Management LLC decreased its position in Masco Corp (NYSE:MAS) by 77.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,063 shares of the construction company’s stock after selling 290,543 shares during the quarter. Masco accounts for about 3.8% of Water Asset Management LLC’s holdings, making the stock its 6th biggest holding. Water Asset Management LLC’s holdings in Masco were worth $3,108,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MAS. Dupont Capital Management Corp raised its holdings 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 purchasing an additional 1,486 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Masco in the 1st quarter valued at $2,141,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Masco by 35.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 107,660 shares of the construction company’s stock valued at $4,356,000 after acquiring an additional 28,108 shares during the period. Eaton Vance Management increased its holdings in shares of Masco by 229.7% in the 1st quarter. Eaton Vance Management now owns 35,792 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 24,935 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Masco by 21.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,385,762 shares of the construction company’s stock valued at $56,041,000 after acquiring an additional 243,321 shares during the period. 89.48% of the stock is currently owned by institutional investors.

In related news, CFO John G. Sznewajs sold 96,869 shares of Masco stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the transaction, the chief financial officer now directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph B. Gross sold 1,286 shares of Masco stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the completion of the transaction, the insider now owns 48,740 shares in the company, valued at $1,945,213.40. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

NYSE:MAS opened at $38.63 on Thursday. Masco Corp has a 1-year low of $35.79 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 23.57, a quick ratio of 1.10 and a current ratio of 1.67. The firm has a market capitalization of $11.71 billion, a P/E ratio of 19.91, a PEG ratio of 1.03 and a beta of 1.42.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Masco had a net margin of 7.41% and a return on equity of 490.27%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. analysts forecast that Masco Corp will post 2.51 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on MAS shares. ValuEngine cut shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Wells Fargo & Co set a $45.00 target price on shares of Masco and gave the company a “buy” rating in a report on Friday, June 1st. Citigroup raised shares of Masco from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, June 19th. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, Royal Bank of Canada started coverage on shares of Masco in a report on Wednesday, June 27th. They issued a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.76.

About Masco

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.

Featured Article: Fundamental Analysis and Individual Investors

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corp (NYSE:MAS).

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.