Shelton Capital Management Acquires New Position in Masco Corp (MAS)

Shelton Capital Management acquired a new position in Masco Corp (NYSE:MAS) during the 4th quarter, HoldingsChannel reports. The fund acquired 100,227 shares of the construction company’s stock, valued at approximately $4,404,000.

A number of other large investors have also recently made changes to their positions in MAS. Ameritas Investment Partners Inc. boosted its position in Masco by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock valued at $286,000 after acquiring an additional 105 shares in the last quarter. Krilogy Financial LLC boosted its position in Masco by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 7,410 shares of the construction company’s stock valued at $283,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC boosted its position in Masco by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after acquiring an additional 763 shares in the last quarter. Boys Arnold & Co. Inc. boosted its position in Masco by 7.6% during the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock valued at $794,000 after acquiring an additional 1,275 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Masco by 2.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 62,808 shares of the construction company’s stock valued at $2,460,000 after acquiring an additional 1,300 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

Shares of Masco Corp (NYSE MAS) opened at $40.70 on Friday. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. The firm has a market capitalization of $13,428.79, a price-to-earnings ratio of 24.23, a PEG ratio of 1.08 and a beta of 1.49. Masco Corp has a 52-week low of $31.29 and a 52-week high of $46.44.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. research analysts expect that Masco Corp will post 1.94 earnings per share for the current fiscal year.

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. The ex-dividend date is Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.03%. Masco’s payout ratio is 25.00%.

Several brokerages have issued reports on MAS. Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 target price (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Zacks Investment Research raised Masco from a “sell” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, January 3rd. B. Riley reaffirmed a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Finally, Argus increased their target price on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average 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 firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the completion of the sale, the director now owns 47,909 shares of the company’s stock, valued at approximately $1,861,264.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the completion of the sale, the vice president now directly owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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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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