Great West Life Assurance Co. Can trimmed its position in Masco Corp (NYSE:MAS) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,040 shares of the construction company’s stock after selling 17,164 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Masco worth $5,265,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Masco by 16.1% in the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock valued at $752,319,000 after purchasing an additional 3,573,503 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Masco by 16.1% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 107,009 shares of the construction company’s stock valued at $3,129,000 after purchasing an additional 14,800 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Masco by 4.6% in the third quarter. Allianz Asset Management GmbH now owns 175,664 shares of the construction company’s stock valued at $6,430,000 after purchasing an additional 7,780 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Masco by 1.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,016,292 shares of the construction company’s stock valued at $37,196,000 after purchasing an additional 13,231 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Masco in the third quarter valued at about $343,000. Institutional investors own 91.55% of the company’s stock.

MAS opened at $38.98 on Friday. Masco Corp has a 52-week low of $27.03 and a 52-week high of $42.27. The stock has a market cap of $11.48 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.41 and a beta of 1.46. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64.

Masco (NYSE:MAS) last released its earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. Masco had a return on equity of 520.34% and a net margin of 8.78%. Masco’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. Equities research analysts predict that Masco Corp will post 2.69 EPS for the current year.

MAS has been the topic of a number of research reports. Credit Suisse Group set a $34.00 price target on Masco and gave the company a “hold” rating in a report on Friday, January 11th. Royal Bank of Canada upgraded Masco from a “sector perform” rating to an “outperform” rating and set a $31.69 price target on the stock in a report on Sunday, December 9th. SunTrust Banks boosted their price target on Masco to $48.00 and gave the company a “buy” rating in a report on Monday, March 4th. Zacks Investment Research lowered Masco from a “buy” rating to a “sell” rating in a report on Wednesday, January 9th. Finally, Bank of America upgraded Masco from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, January 4th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.90.

In other Masco news, insider Keith J. Allman sold 51,283 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $39.82, for a total value of $2,042,089.06. Following the sale, the insider now owns 426,072 shares in the company, valued at $16,966,187.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John G. Sznewajs sold 165,248 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $39.92, for a total value of $6,596,700.16. Following the completion of the sale, the chief financial officer now owns 398,178 shares in the company, valued at approximately $15,895,265.76. The disclosure for this sale can be found here. Insiders sold 298,940 shares of company stock worth $11,890,269 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

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About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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