Great West Life Assurance Co. Can cut its holdings in Masco Corp (NYSE:MAS) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,638 shares of the construction company’s stock after selling 4,749 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Masco worth $8,814,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MAS. Boston Partners boosted its holdings in Masco by 53.1% in the second quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock worth $519,757,000 after purchasing an additional 4,714,941 shares in the last quarter. AJO LP lifted its position in Masco by 1,209.7% during the 2nd quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock worth $120,957,000 after acquiring an additional 2,923,889 shares during the last quarter. BlackRock Inc. lifted its position in Masco by 9.9% during the 2nd quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after acquiring an additional 2,763,057 shares during the last quarter. Northern Trust Corp lifted its position in Masco by 31.3% during the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock worth $315,096,000 after acquiring an additional 1,963,938 shares during the last quarter. Finally, FMR LLC lifted its position in Masco by 7.5% during the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock worth $784,657,000 after acquiring an additional 1,439,946 shares during the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.
A number of research analysts have weighed in on MAS shares. Robert W. Baird reissued a “buy” rating and set a $42.00 target price on shares of Masco in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Masco from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Raymond James Financial reissued a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. FBR & Co reissued a “buy” rating and set a $46.00 target price (up previously from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Finally, Barclays set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.88.
Shares of Masco Corp (MAS) traded down $0.32 on Wednesday, hitting $42.98. 2,942,600 shares of the stock were exchanged, compared to its average volume of 2,640,234. The firm has a market capitalization of $13,420.00, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.34 and a beta of 1.59. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. Masco Corp has a 1-year low of $31.01 and a 1-year high of $43.79.
Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. equities research analysts predict that Masco Corp will post 1.95 earnings per share for the current year.
The business also recently disclosed 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 was Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Masco’s previous quarterly dividend of $0.10. Masco’s dividend payout ratio is currently 24.85%.
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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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