Metropolitan Life Insurance Co. NY reduced its position in Masco Corp (NYSE:MAS) by 64.1% in the 4th quarter, Holdings Channel reports. The firm owned 57,492 shares of the construction company’s stock after selling 102,610 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Masco were worth $2,526,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. River Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 1,226 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Masco by 9.1% in the 4th quarter. MML Investors Services LLC now owns 15,101 shares of the construction company’s stock worth $664,000 after acquiring an additional 1,255 shares during the last quarter. Boys Arnold & Co. Inc. increased its stake in shares of 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 acquiring an additional 1,275 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Masco by 2.1% in 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 acquiring an additional 1,300 shares during the last quarter. Finally, Westpac Banking Corp increased its stake in shares of Masco by 7.3% in the 4th quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock worth $881,000 after acquiring an additional 1,364 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Joseph B. Gross sold 10,203 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $42.95, for a total transaction of $438,218.85. Following the completion of the transaction, the insider now directly owns 51,020 shares in the company, valued at approximately $2,191,309. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa A. Payne sold 5,577 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total value of $233,397.45. Following the transaction, the director now owns 56,766 shares of the company’s stock, valued at $2,375,657.10. The disclosure for this sale can be found here. Insiders have sold a total of 109,727 shares of company stock valued at $4,695,460 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Shares of MAS stock opened at $40.25 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87. The stock has a market capitalization of $12,858.45, a PE ratio of 24.39, a P/E/G ratio of 1.03 and a beta of 1.51. Masco Corp has a 52-week low of $32.97 and a 52-week high of $46.44.
Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. analysts predict that Masco Corp will post 2.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Friday, April 13th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.04%. Masco’s payout ratio is 25.45%.
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Masco Company Profile
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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