Masco Corp (MAS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Masco Corp (NYSE:MAS) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,417 shares of the construction company’s stock after selling 19,772 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Masco worth $8,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MAS. Boston Partners raised its stake in Masco by 53.1% in the 2nd quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock worth $519,757,000 after acquiring an additional 4,714,941 shares during the last quarter. AJO LP raised its stake in shares of Masco 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 buying an additional 2,923,889 shares during the last quarter. BlackRock Inc. raised its stake in shares of Masco 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 buying an additional 2,763,057 shares during the last quarter. Northern Trust Corp raised its stake in shares of Masco 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 buying an additional 1,963,938 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Masco 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 buying an additional 1,439,946 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.

Shares of Masco Corp (NYSE MAS) traded down $0.83 during trading on Thursday, hitting $42.15. The company had a trading volume of 3,054,300 shares, compared to its average volume of 2,641,996. 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 Corp has a 1 year low of $31.22 and a 1 year high of $43.79. The stock has a market cap of $13,310.00, a price-to-earnings ratio of 23.36, a PEG ratio of 1.33 and a beta of 1.59.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Masco’s revenue for the quarter was up 3.1% on a year-over-year basis. sell-side analysts anticipate that Masco Corp will post 1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, October 12th. This is a positive change from Masco’s previous quarterly dividend of $0.10. Masco’s payout ratio is currently 24.85%.

In related news, VP Kenneth G. Cole sold 2,266 shares of Masco stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the transaction, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph B. Gross sold 2,337 shares of Masco stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the transaction, the insider now owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The disclosure for this sale can be found here. In 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.

MAS has been the subject of a number of recent research reports. Robert W. Baird reiterated a “buy” rating and set a $42.00 price objective on shares of Masco in a research note on Monday, August 28th. Zacks Investment Research upgraded Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of Masco in a research note on Tuesday, September 26th. Wells Fargo & Company lowered Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research note 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 note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.88.

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Masco 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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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