Prudential Financial Inc. Increases Position in Masco Corp (MAS)

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Prudential Financial Inc. lifted its position in shares of Masco Corp (NYSE:MAS) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,958 shares of the construction company’s stock after buying an additional 6,528 shares during the period. Prudential Financial Inc.’s holdings in Masco were worth $10,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Masco by 16.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 167,898 shares of the construction company’s stock valued at $6,176,000 after purchasing an additional 23,610 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Masco by 119.7% in the 3rd quarter. Victory Capital Management Inc. now owns 208,501 shares of the construction company’s stock valued at $7,631,000 after purchasing an additional 113,596 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Masco by 15.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,062 shares of the construction company’s stock valued at $441,000 after purchasing an additional 1,613 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Masco by 25.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,109,646 shares of the construction company’s stock valued at $40,612,000 after purchasing an additional 223,687 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Masco in the 3rd quarter valued at about $560,000. 91.45% of the stock is currently owned by institutional investors.

Masco stock opened at $39.35 on Thursday. Masco Corp has a fifty-two week low of $27.03 and a fifty-two week high of $42.91. The company has a market cap of $11.76 billion, a P/E ratio of 15.74, a PEG ratio of 1.36 and a beta of 1.44. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64.

Masco (NYSE:MAS) last announced its earnings results on Thursday, February 7th. The construction company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Masco had a net margin of 8.78% and a return on equity of 520.34%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. Analysts expect that Masco Corp will post 2.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Friday, January 11th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, January 10th. This represents a $0.48 annualized dividend and a yield of 1.22%. Masco’s dividend payout ratio (DPR) is currently 19.20%.

Several research analysts have recently issued reports on the stock. Nomura raised their target price on shares of Masco from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. SunTrust Banks lifted their price objective on shares of Masco to $48.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Barclays reissued a “buy” rating and set a $39.00 price objective on shares of Masco in a research note on Sunday, February 10th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.70.

In other Masco news, insider Keith J. Allman sold 51,283 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $39.82, for a total transaction of $2,042,089.06. Following the sale, the insider now directly owns 426,072 shares in the company, valued at approximately $16,966,187.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth G. Cole sold 23,161 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $40.03, for a total transaction of $927,134.83. Following the sale, the vice president now owns 96,843 shares in the company, valued at $3,876,625.29. The disclosure for this sale can be found here. Insiders have sold a total of 239,692 shares of company stock worth $9,565,924 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

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Masco Company Profile

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.

See Also: What is Liquidity?

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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