Atlantic Trust Group LLC Grows Stake in Masco Corp (MAS)

Atlantic Trust Group LLC raised its holdings in shares of Masco Corp (NYSE:MAS) by 41.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,339 shares of the construction company’s stock after buying an additional 83,372 shares during the quarter. Atlantic Trust Group LLC owned about 0.09% of Masco worth $11,053,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MAS. Vanguard Group Inc. boosted its position in shares of Masco by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock valued at $1,192,431,000 after acquiring an additional 778,320 shares during the last quarter. BlackRock Inc. boosted its position 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 acquiring an additional 2,763,057 shares during the last quarter. FMR LLC boosted its position 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 acquiring an additional 1,439,946 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Masco by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after acquiring an additional 763,078 shares during the last quarter. Finally, Northern Trust Corp boosted its position 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 acquiring an additional 1,963,938 shares during the last quarter. 88.93% of the stock is owned by institutional investors and hedge funds.

MAS has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 target price on shares of Masco in a research report on Monday, August 28th. Zacks Investment Research raised shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. Wells Fargo & Co cut shares of Masco from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada upped their target price on shares of Masco from $44.00 to $47.00 and gave the company an “outperform” 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 eleven have issued a buy rating to the stock. Masco currently has a consensus rating of “Buy” and an average price target of $43.07.

In other news, CFO John G. Sznewajs sold 52,511 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the sale, the chief financial officer now owns 391,443 shares of the company’s stock, valued at $15,591,174.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John P. Lindow sold 17,026 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the sale, the vice president now directly owns 101,681 shares in the company, valued at approximately $4,074,357.67. The disclosure for this sale can be found here. Insiders have sold 88,961 shares of company stock worth $3,537,891 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Shares of Masco Corp (NYSE MAS) opened at $43.83 on Monday. The stock has a market cap of $13,790.00, a PE ratio of 25.93, a PEG ratio of 1.37 and a beta of 1.59. Masco Corp has a 1 year low of $31.29 and a 1 year high of $44.44. 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 (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. research analysts expect that Masco Corp will post 1.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 0.96%. Masco’s dividend payout ratio is presently 24.85%.

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Masco Company 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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