US Bancorp DE cut its holdings in shares of Masco Corp (NYSE:MAS) by 1.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 296,632 shares of the construction company’s stock after selling 3,637 shares during the quarter. US Bancorp DE’s holdings in Masco were worth $11,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MAS. CSat Investment Advisory L.P. boosted its position in shares of Masco by 97.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock valued at $27,000 after buying an additional 460 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Masco by 59.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock valued at $33,000 after buying an additional 418 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Masco by 2,789.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock valued at $35,000 after buying an additional 982,170 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in shares of Masco during the first quarter valued at $38,000. Finally, Private Capital Group LLC boosted its position in shares of Masco by 333.3% during the fourth quarter. Private Capital Group LLC now owns 1,794 shares of the construction company’s stock valued at $52,000 after buying an additional 1,380 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

MAS has been the topic of several recent analyst reports. Barclays set a $44.00 price objective on Masco and gave the company a “buy” rating in a research report on Friday, April 26th. SunTrust Banks increased their price objective on Masco to $52.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine raised Masco from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Royal Bank of Canada set a $39.00 price objective on Masco and gave the company a “buy” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $44.33.

In other news, VP John P. Lindow sold 37,795 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $39.07, for a total value of $1,476,650.65. Following the transaction, the vice president now owns 60,454 shares of the company’s stock, valued at $2,361,937.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith J. Allman sold 51,283 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $39.82, for a total value of $2,042,089.06. Following the completion of the transaction, the insider now directly owns 426,072 shares in the company, valued at approximately $16,966,187.04. The disclosure for this sale can be found here. Insiders sold 298,940 shares of company stock worth $11,890,269 over the last three months. Insiders own 1.17% of the company’s stock.

NYSE:MAS traded up $0.38 on Friday, hitting $37.28. The stock had a trading volume of 2,341,255 shares, compared to its average volume of 3,872,486. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 65.98, a quick ratio of 0.91 and a current ratio of 1.43. Masco Corp has a 52-week low of $27.03 and a 52-week high of $41.00.

Masco (NYSE:MAS) last announced its earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.03). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Masco had a return on equity of 675.68% and a net margin of 8.40%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, equities analysts forecast that Masco Corp will post 2.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, April 12th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 annualized dividend and a yield of 1.29%. Masco’s payout ratio is 19.20%.

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About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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