Standard Life Aberdeen plc lowered its position in Masco Corp (NYSE:MAS) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,128 shares of the construction company’s stock after selling 10,232 shares during the period. Standard Life Aberdeen plc owned 0.12% of Masco worth $10,556,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in Masco by 2,789.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock worth $35,000 after purchasing an additional 982,170 shares during the last quarter. Private Capital Group LLC raised its position in Masco by 333.3% in the 4th quarter. Private Capital Group LLC now owns 1,794 shares of the construction company’s stock worth $52,000 after purchasing an additional 1,380 shares during the last quarter. Clean Yield Group bought a new position in Masco in the 4th quarter worth approximately $58,000. Essex Savings Bank bought a new position in Masco in the 4th quarter worth approximately $58,000. Finally, Mackey Komara & Dankovich LLC bought a new position in Masco in the 4th quarter worth approximately $66,000. Institutional investors own 91.45% of the company’s stock.
MAS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, January 2nd. Royal Bank of Canada raised shares of Masco from a “sector perform” rating to an “outperform” rating and set a $31.69 target price for the company in a report on Sunday, December 9th. Barclays reaffirmed a “buy” rating and set a $39.00 target price on shares of Masco in a report on Sunday, February 10th. ValuEngine raised shares of Masco from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Nomura set a $37.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Monday, December 17th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Masco has an average rating of “Buy” and a consensus target price of $42.70.
Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Research analysts expect that Masco Corp will post 2.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 11th. Stockholders of record on Friday, January 11th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, January 10th. Masco’s dividend payout ratio (DPR) is 19.20%.
In other news, insider Keith J. Allman sold 51,283 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $39.82, for a total value of $2,042,089.06. Following the completion of the transaction, the insider now owns 426,072 shares of the company’s stock, valued at approximately $16,966,187.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John G. Sznewajs sold 165,248 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $39.92, for a total transaction of $6,596,700.16. Following the completion of the transaction, the chief financial officer now directly owns 398,178 shares of the company’s stock, valued at approximately $15,895,265.76. The disclosure for this sale can be found here. Insiders sold a total of 261,145 shares of company stock valued at $10,413,618 in the last three months. 1.20% of the stock is owned by company insiders.
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Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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