Kiwi Wealth Investments Limited Partnership increased its stake in Masco Corp (NYSE:MAS) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,638 shares of the construction company’s stock after acquiring an additional 3,547 shares during the period. Kiwi Wealth Investments Limited Partnership owned about 0.05% of Masco worth $6,334,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Masco in the fourth quarter worth $114,000. Avestar Capital LLC purchased a new position in Masco in the fourth quarter worth $135,000. Dupont Capital Management Corp grew its position in Masco by 61.3% in the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock worth $158,000 after acquiring an additional 1,486 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,772 shares in the last quarter. Finally, Adviser Investments LLC purchased a new position in Masco in the first quarter worth $181,000. Institutional investors own 88.31% of the company’s stock.
Several research analysts recently issued reports on MAS shares. Wells Fargo & Co set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Friday, June 1st. Bank of America lowered shares of Masco from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.45 to $35.79 in a research report on Monday, May 14th. Gabelli upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, April 25th. Royal Bank of Canada set a $43.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Finally, Zacks Investment Research lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $44.75.
Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.86 billion. Masco had a return on equity of 512.88% and a net margin of 6.96%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. equities analysts anticipate that Masco Corp will post 2.52 EPS for the current fiscal year.
In other news, Director Lisa A. Payne sold 5,577 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total transaction of $233,397.45. Following the completion of the transaction, the director now directly owns 56,766 shares of the company’s stock, valued at $2,375,657.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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