Janney Montgomery Scott LLC Has $370,000 Position in Masco Corp (MAS)

Janney Montgomery Scott LLC lessened its stake in shares of Masco Corp (NYSE:MAS) by 40.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,112 shares of the construction company’s stock after selling 6,881 shares during the period. Janney Montgomery Scott LLC’s holdings in Masco were worth $370,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Acropolis Investment Management LLC acquired a new position in shares of Masco in the third quarter valued at approximately $146,000. NuWave Investment Management LLC boosted its stake in shares of Masco by 3,600.9% in the third quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after buying an additional 4,069 shares during the period. Kovack Advisors Inc. bought a new stake in shares of Masco in the third quarter valued at approximately $200,000. Atria Investments LLC bought a new stake in shares of Masco in the third quarter valued at approximately $207,000. Finally, Point72 Hong Kong Ltd boosted its stake in shares of Masco by 8,377.3% in the second quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock valued at $209,000 after buying an additional 5,529 shares during the period. Institutional investors and hedge funds own 89.27% of the company’s stock.

In other news, Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $31.24, for a total value of $1,562,000.00. Following the completion of the transaction, the director now directly owns 625,961 shares in the company, valued at approximately $19,555,021.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 100,000 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $30.98, for a total value of $3,098,000.00. Following the completion of the transaction, the director now owns 625,961 shares of the company’s stock, valued at $19,392,271.78. The disclosure for this sale can be found here. Insiders sold a total of 212,900 shares of company stock valued at $6,631,092 over the last quarter. 1.20% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on MAS. Cfra reiterated a “buy” rating and issued a $46.00 price target on shares of Masco in a research note on Sunday, August 5th. Evercore ISI upgraded Masco from an “in-line” rating to an “outperform” rating in a research note on Monday, October 1st. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Bank of America set a $40.00 price target on Masco and gave the company a “hold” rating in a research note on Thursday, October 11th. Finally, Cleveland Research reiterated a “hold” rating on shares of Masco in a research note on Monday, October 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.63.

Shares of MAS opened at $31.69 on Monday. Masco Corp has a 52 week low of $27.15 and a 52 week high of $46.44. The firm has a market capitalization of $9.68 billion, a PE ratio of 16.34, a PEG ratio of 0.93 and a beta of 1.56. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.13.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Masco Corp will post 2.41 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. This is a boost from Masco’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, October 11th. Masco’s dividend payout ratio is presently 24.74%.

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Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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