Assenagon Asset Management S.A. Has $2.45 Million Stake in Masco Corp (MAS)

Assenagon Asset Management S.A. decreased its holdings in shares of Masco Corp (NYSE:MAS) by 57.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,729 shares of the construction company’s stock after selling 75,907 shares during the period. Assenagon Asset Management S.A.’s holdings in Masco were worth $2,449,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in Masco by 7.4% during the second quarter. Ameriprise Financial Inc. now owns 285,903 shares of the construction company’s stock valued at $10,925,000 after purchasing an additional 19,690 shares during the period. Mutual of America Capital Management LLC grew its holdings in Masco by 8.8% during the second quarter. Mutual of America Capital Management LLC now owns 39,229 shares of the construction company’s stock valued at $1,499,000 after purchasing an additional 3,160 shares during the period. Advisor Group Inc. grew its holdings in Masco by 29.7% during the second quarter. Advisor Group Inc. now owns 11,267 shares of the construction company’s stock valued at $429,000 after purchasing an additional 2,582 shares during the period. Dimensional Fund Advisors LP grew its holdings in Masco by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 915,358 shares of the construction company’s stock valued at $34,975,000 after purchasing an additional 4,832 shares during the period. Finally, AHL Partners LLP grew its holdings in Masco by 12.7% during the second quarter. AHL Partners LLP now owns 152,892 shares of the construction company’s stock valued at $5,842,000 after purchasing an additional 17,206 shares during the period. Institutional investors own 89.30% of the company’s stock.

Masco Corp (NYSE:MAS) opened at $44.07 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The firm has a market cap of $13,860.00, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. Masco Corp has a one year low of $31.29 and a one year high of $46.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio is presently 24.85%.

A number of research analysts recently issued reports on MAS shares. Robert W. Baird boosted their price objective on shares of Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. lowered shares of Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $46.00 price target (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on shares of Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, January 3rd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Masco has a consensus rating of “Buy” and an average target price of $44.13.

In other news, Director Lokeren Mary Ann Van sold 16,850 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the sale, the director now owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the sale, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Assenagon Asset Management S.A. Has $2.45 Million Stake in Masco Corp (MAS)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/02/02/assenagon-asset-management-s-a-has-2-45-million-stake-in-masco-corp-mas.html.

About Masco

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.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corp (NYSE:MAS).

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit