Green Square Capital LLC cut its position in Masco Corp (NYSE:MAS) by 40.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,061 shares of the construction company’s stock after selling 6,891 shares during the quarter. Green Square Capital LLC’s holdings in Masco were worth $392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. California Public Employees Retirement System raised its stake in Masco by 5.3% during the 3rd quarter. California Public Employees Retirement System now owns 771,548 shares of the construction company’s stock valued at $30,098,000 after acquiring an additional 38,948 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Masco by 53.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,875 shares of the construction company’s stock valued at $658,000 after acquiring an additional 5,893 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Masco by 2.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 93,306 shares of the construction company’s stock valued at $3,640,000 after acquiring an additional 2,627 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Masco by 56.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 12,649 shares during the last quarter. Finally, Earnest Partners LLC raised its stake in Masco by 0.7% during the 3rd quarter. Earnest Partners LLC now owns 1,214,627 shares of the construction company’s stock valued at $47,383,000 after acquiring an additional 8,281 shares during the last quarter. 89.14% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on MAS. Barclays set a $45.00 price objective on Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and set a $46.00 price objective (up from $43.00) on shares of Masco in a research note on Wednesday, October 25th. Nomura set a $45.00 price objective on Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. Robert W. Baird upped their price objective on Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Masco in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $42.88.

Shares of Masco Corp (NYSE MAS) traded down $0.17 during mid-day trading on Thursday, hitting $42.02. The stock had a trading volume of 2,653,300 shares, compared to its average volume of 2,643,469. The stock has a market cap of $13,271.51, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.31 and a beta of 1.59. Masco Corp has a fifty-two week low of $31.29 and a fifty-two week high of $43.79. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. analysts expect that Masco Corp will post 1.95 earnings per share for the current year.

In related news, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the sale, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the company’s stock in a transaction that occurred 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 owns 65,423 shares in the company, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,227 shares of company stock valued at $3,622,549. Company insiders own 1.30% of the company’s stock.

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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.

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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