Masco Corporation (MAS) Shares Bought by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. boosted its holdings in shares of Masco Corporation (NYSE:MAS) by 20.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,688 shares of the construction company’s stock after purchasing an additional 42,144 shares during the period. Greystone Managed Investments Inc. owned about 0.08% of Masco Corporation worth $9,623,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in MAS. Boston Partners increased its holdings in Masco Corporation by 53.1% during the 2nd quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock valued at $519,757,000 after purchasing an additional 4,714,941 shares during the period. AJO LP increased its holdings in Masco Corporation by 1,209.7% during the 2nd quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock valued at $120,957,000 after purchasing an additional 2,923,889 shares during the period. BlackRock Inc. increased its holdings in Masco Corporation by 9.9% during the 2nd quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock valued at $1,171,447,000 after purchasing an additional 2,763,057 shares during the period. Northern Trust Corp increased its holdings in Masco Corporation by 31.3% during the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after purchasing an additional 1,963,938 shares during the period. Finally, FMR LLC boosted its position in Masco Corporation by 7.5% during the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after acquiring an additional 1,439,946 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.
Several analysts have weighed in on the company. Wells Fargo & Company cut Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 price objective on the stock. in a research report on Wednesday, October 25th. Nomura set a $45.00 price objective on Masco Corporation and gave the company a “buy” rating in a research report on Wednesday, October 25th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Masco Corporation in a research report on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating on shares of Masco Corporation in a research report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Masco Corporation in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.88.
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Shares of Masco Corporation (MAS) traded up $0.22 on Monday, hitting $39.36. The stock had a trading volume of 1,394,700 shares, compared to its average volume of 2,639,972. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. Masco Corporation has a 12-month low of $30.08 and a 12-month high of $41.10. The company has a market cap of $12,380.00, a PE ratio of 21.39, a P/E/G ratio of 1.22 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. sell-side analysts forecast that Masco Corporation will post 1.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were issued a $0.105 dividend. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, October 12th. Masco Corporation’s payout ratio is presently 24.85%.
In related news, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 391,443 shares in the company, valued at approximately $15,591,174.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the transaction, the vice president now owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,990 shares of company stock valued at $3,600,733. 1.30% of the stock is owned by company insiders.
Masco Corporation Profile
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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