DekaBank Deutsche Girozentrale Has $10.26 Million Stake in Masco Corporation (MAS)
DekaBank Deutsche Girozentrale lifted its position in Masco Corporation (NYSE:MAS) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 272,392 shares of the construction company’s stock after acquiring an additional 6,074 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.09% of Masco Corporation worth $10,259,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Masco Corporation by 88.9% in the 3rd quarter. Advisor Group Inc. now owns 21,281 shares of the construction company’s stock worth $831,000 after acquiring an additional 10,014 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Masco Corporation by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 120,907 shares of the construction company’s stock worth $4,716,000 after acquiring an additional 12,516 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Masco Corporation in the 3rd quarter worth about $227,000. BNP Paribas Arbitrage SA lifted its holdings in Masco Corporation by 30.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 226,685 shares of the construction company’s stock valued at $8,843,000 after buying an additional 53,211 shares in the last quarter. Finally, FDx Advisors Inc. lifted its holdings in Masco Corporation by 26.6% during the 3rd quarter. FDx Advisors Inc. now owns 19,683 shares of the construction company’s stock valued at $768,000 after buying an additional 4,140 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.
In other Masco Corporation news, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 391,443 shares in the company, valued at $15,591,174.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John P. Lindow sold 17,026 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the transaction, the vice president now owns 101,681 shares of the company’s stock, valued at $4,074,357.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,990 shares of company stock valued at $3,600,733. Company insiders own 1.30% of the company’s stock.
Masco Corporation (NYSE MAS) traded up $0.33 on Friday, hitting $39.14. 2,129,200 shares of the company traded hands, compared to its average volume of 2,645,582. 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 Corporation has a 1 year low of $30.08 and a 1 year high of $41.10. The firm has a market cap of $12,310.00, a PE ratio of 21.09, a P/E/G ratio of 1.20 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. analysts forecast that Masco Corporation will post 1.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were paid a $0.105 dividend. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, October 12th. Masco Corporation’s payout ratio is currently 24.85%.
A number of equities research analysts recently weighed in on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Masco Corporation in a report on Wednesday, October 25th. Royal Bank Of Canada lifted their price objective on shares of Masco Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Wells Fargo & Company lowered shares of Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 price target for the company. in a report on Wednesday, October 25th. Robert W. Baird boosted their price target on shares of Masco Corporation from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Nomura set a $45.00 price target on shares of Masco Corporation and gave the company a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $42.88.
Masco Corporation 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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