Masco Corp (MAS) Stake Lessened by Raymond James Financial Services Advisors Inc.

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Raymond James Financial Services Advisors Inc. cut its holdings in Masco Corp (NYSE:MAS) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,928 shares of the construction company’s stock after selling 28,252 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Masco were worth $2,132,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAS. Capital Research Global Investors bought a new position in shares of Masco in the third quarter valued at approximately $337,123,000. BlackRock Inc. grew its holdings in shares of Masco by 16.1% in the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock valued at $752,319,000 after acquiring an additional 3,573,503 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Masco by 58.1% in the third quarter. Iridian Asset Management LLC CT now owns 4,901,419 shares of the construction company’s stock valued at $179,392,000 after acquiring an additional 1,801,055 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Masco in the fourth quarter valued at approximately $32,825,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Masco by 2,789.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock valued at $35,000 after acquiring an additional 982,170 shares in the last quarter. 91.55% of the stock is owned by institutional investors.

Masco stock opened at $38.91 on Friday. Masco Corp has a one year low of $27.03 and a one year high of $42.27. The company has a debt-to-equity ratio of 43.06, a current ratio of 1.64 and a quick ratio of 1.08. The firm has a market capitalization of $11.56 billion, a PE ratio of 15.56, a P/E/G ratio of 1.41 and a beta of 1.46.

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

In related news, VP John P. Lindow sold 37,795 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $39.07, for a total value of $1,476,650.65. Following the sale, the vice president now owns 60,454 shares in the company, valued at $2,361,937.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa A. Payne sold 9,117 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $39.56, for a total value of $360,668.52. Following the completion of the sale, the director now owns 52,038 shares in the company, valued at approximately $2,058,623.28. The disclosure for this sale can be found here. Insiders sold 298,940 shares of company stock valued at $11,890,269 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

MAS has been the subject of several research reports. TheStreet raised Masco from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Bank of America raised Masco from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, January 4th. Zacks Investment Research raised Masco from a “sell” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, January 2nd. Nomura set a $37.00 price objective on Masco and gave the company a “buy” rating in a report on Monday, December 17th. Finally, Buckingham Research initiated coverage on Masco in a report on Wednesday, January 23rd. They set a “buy” rating and a $39.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $42.90.

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About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

Further Reading: Cost of Debt

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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