Norinchukin Bank The increased its holdings in Masco Corp (NYSE:MAS) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,150 shares of the construction company’s stock after purchasing an additional 1,436 shares during the quarter. Norinchukin Bank The’s holdings in Masco were worth $1,105,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. raised its holdings in Masco by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock worth $286,000 after purchasing an additional 105 shares during the period. River Wealth Advisors LLC raised its holdings in Masco by 6.4% in the 4th quarter. River Wealth Advisors LLC now owns 20,309 shares of the construction company’s stock worth $892,000 after purchasing an additional 1,226 shares during the period. Boys Arnold & Co. Inc. raised its holdings in Masco by 7.6% in the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock worth $794,000 after purchasing an additional 1,275 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Masco by 2.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 62,808 shares of the construction company’s stock worth $2,460,000 after buying an additional 1,300 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in Masco by 7.3% during the 4th quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock worth $881,000 after buying an additional 1,364 shares in the last quarter. 87.79% of the stock is owned by institutional investors.
Masco Corp (MAS) opened at $43.02 on Monday. Masco Corp has a twelve month low of $32.97 and a twelve month high of $46.44. The company has a market capitalization of $13,482.10, a P/E ratio of 22.06, a P/E/G ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Friday, January 12th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, January 11th. Masco’s dividend payout ratio is presently 25.45%.
In other Masco news, Director Richard A. Manoogian sold 82,701 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total transaction of $3,547,045.89. Following the transaction, the director now directly owns 692,102 shares in the company, valued at $29,684,254.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Renee Straber sold 2,574 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, 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.
MAS has been the subject of several research reports. B. Riley reiterated a “buy” rating on shares of Masco in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $46.00 price objective on Masco and gave the stock a “buy” rating in a research note on Friday, February 9th. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 price objective (up from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.07.
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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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