Emerald Advisers Inc. PA lessened its position in Masco Corp (NYSE:MAS) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,352 shares of the construction company’s stock after selling 12,283 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Masco were worth $1,949,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MAS. First Personal Financial Services purchased a new stake in shares of Masco in the 4th quarter valued at $100,000. Advisory Services Network LLC increased its holdings in Masco by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares during the period. Parsons Capital Management Inc. RI purchased a new stake in Masco during the 4th quarter worth about $204,000. Dearborn Partners LLC purchased a new stake in Masco during the 4th quarter worth about $211,000. Finally, Visionary Asset Management Inc. purchased a new stake in Masco during the 3rd quarter worth about $216,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.
MAS has been the topic of several recent research reports. Robert W. Baird upped their price target on Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. JPMorgan Chase & Co. downgraded Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Raymond James Financial restated a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. Finally, FBR & Co restated a “buy” rating and set a $46.00 price target (up previously from $43.00) on shares of Masco in a report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Masco currently has a consensus rating of “Buy” and a consensus price target of $44.13.
Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts forecast that Masco Corp will post 1.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.03%. Masco’s payout ratio is currently 25.00%.
In related news, Director Lokeren Mary Ann Van sold 16,850 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the completion of the sale, the director now directly owns 47,909 shares of the company’s stock, valued at approximately $1,861,264.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Renee Straber sold 2,574 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were 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 directly owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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