Wells Fargo & Company MN lowered its holdings in shares of Masco Corp (NYSE:MAS) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,177,209 shares of the construction company’s stock after selling 95,428 shares during the period. Wells Fargo & Company MN’s holdings in Masco were worth $51,726,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. First Personal Financial Services bought a new stake in shares of Masco during the fourth quarter worth approximately $100,000. Parsons Capital Management Inc. RI bought a new stake in shares of Masco during the fourth quarter worth approximately $204,000. Sigma Planning Corp bought a new stake in shares of Masco during the fourth quarter worth approximately $205,000. IBM Retirement Fund bought a new stake in shares of Masco during the fourth quarter worth approximately $208,000. Finally, Dearborn Partners LLC acquired a new stake in shares of Masco in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 87.79% of the company’s stock.
MAS has been the subject of a number of analyst reports. Royal Bank of Canada set a $46.00 price target on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group reiterated a “neutral” rating and issued a $46.00 price target (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Deutsche Bank lifted their price target on shares of Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Masco presently has a consensus rating of “Buy” and an average price target of $44.60.
Masco Corp (NYSE MAS) opened at $41.50 on Wednesday. Masco Corp has a 1 year low of $32.97 and a 1 year high of $46.44. The company has a market cap of $13,435.09, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.49 and a current ratio of 1.97.
Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. equities research analysts anticipate that Masco Corp will post 2.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, January 12th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.42 annualized dividend and a yield of 1.01%. Masco’s dividend payout ratio is currently 25.45%.
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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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