Sentry Investment Management LLC reduced its stake in shares of Masco Corp (NYSE:MAS) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,109 shares of the construction company’s stock after selling 1,608 shares during the quarter. Sentry Investment Management LLC’s holdings in Masco were worth $712,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MAS. Legal & General Group Plc grew its stake in shares of Masco by 4.2% during the third quarter. Legal & General Group Plc now owns 1,623,395 shares of the construction company’s stock valued at $59,471,000 after buying an additional 66,145 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Masco by 16,640.6% during the fourth quarter. Meeder Asset Management Inc. now owns 5,357 shares of the construction company’s stock valued at $157,000 after buying an additional 5,325 shares during the last quarter. Clean Yield Group bought a new position in shares of Masco during the fourth quarter valued at about $58,000. Cambiar Investors LLC bought a new position in shares of Masco during the fourth quarter valued at about $4,121,000. Finally, Private Capital Group LLC grew its stake in shares of Masco by 333.3% during the fourth quarter. Private Capital Group LLC now owns 1,794 shares of the construction company’s stock valued at $52,000 after buying an additional 1,380 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MAS opened at $37.28 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 65.98. Masco Corp has a one year low of $27.03 and a one year high of $41.00. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.54 and a beta of 1.43.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). Masco had a return on equity of 675.68% and a net margin of 8.40%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts predict that Masco Corp will post 2.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, April 12th were issued a $0.12 dividend. The ex-dividend date was Thursday, April 11th. This represents a $0.48 annualized dividend and a yield of 1.29%. Masco’s dividend payout ratio (DPR) is presently 19.20%.

In other Masco news, Director Lisa A. Payne sold 9,117 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $39.56, for a total value of $360,668.52. Following the completion of the sale, the director now directly owns 52,038 shares in the company, valued at $2,058,623.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John P. Lindow sold 37,795 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the sale, the vice president now owns 60,454 shares of the company’s stock, valued at $2,361,937.78. The disclosure for this sale can be found here. Insiders sold 298,940 shares of company stock valued at $11,890,269 over the last 90 days. 1.17% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on MAS shares. Robert W. Baird set a $50.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Monday, April 22nd. Bank of America reiterated a “buy” rating and set a $56.00 target price (up from $43.00) on shares of Masco in a report on Monday, May 6th. Barclays reiterated a “buy” rating and set a $39.00 target price on shares of Masco in a report on Sunday, February 10th. Credit Suisse Group reiterated a “hold” rating and set a $34.00 target price on shares of Masco in a report on Thursday, February 7th. Finally, Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $44.33.

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Masco Company Profile

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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