Boston Private Wealth LLC Has $1.79 Million Stake in Masco Corp (MAS)
Boston Private Wealth LLC increased its position in Masco Corp (NYSE:MAS) by 94.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,939 shares of the construction company’s stock after acquiring an additional 22,267 shares during the quarter. Boston Private Wealth LLC’s holdings in Masco were worth $1,792,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MAS. Boston Partners boosted its position in shares of Masco by 53.1% in the second quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock valued at $519,757,000 after acquiring an additional 4,714,941 shares during the period. AJO LP boosted its position in shares of Masco by 1,209.7% in the second quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock valued at $120,957,000 after acquiring an additional 2,923,889 shares during the period. BlackRock Inc. boosted its position in shares of Masco by 9.9% in the second 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 period. Northern Trust Corp boosted its position in shares of Masco by 31.3% in the second 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 period. Finally, FMR LLC boosted its position in shares of Masco by 7.5% in the second 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 period. Institutional investors own 89.14% of the company’s stock.
A number of equities analysts have recently commented on the stock. B. Riley restated a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. Nomura set a $45.00 target price on shares of Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Citigroup lifted their target price on shares of Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada lifted 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $42.88.
In other Masco news, Director Lokeren Mary Ann Van sold 16,850 shares of Masco stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.85, for a total transaction of $654,622.50. Following the transaction, the director now directly owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph B. Gross sold 2,337 shares of Masco stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the transaction, the insider now directly owns 56,935 shares in the company, valued at $2,136,770.55. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock worth $3,600,733 over the last three months. Insiders own 1.30% of the company’s stock.
Masco Corp (NYSE MAS) opened at $42.50 on Friday. The company has a market cap of $13,498.00, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59. Masco Corp has a one year low of $30.08 and a one year high of $43.18. 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 posted its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. sell-side analysts predict that Masco Corp will post 1.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, October 12th. This is an increase from Masco’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. Masco’s dividend payout ratio (DPR) is 25.00%.
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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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