Masco Corp (MAS) Stake Boosted by Dean Investment Associates LLC

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Dean Investment Associates LLC lifted its stake in shares of Masco Corp (NYSE:MAS) by 44.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,372 shares of the construction company’s stock after purchasing an additional 7,206 shares during the quarter. Dean Investment Associates LLC’s holdings in Masco were worth $919,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MAS. BlackRock Inc. grew its stake in shares of Masco by 16.1% during the 4th quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock worth $752,319,000 after purchasing an additional 3,573,503 shares during the period. Norges Bank acquired a new position in shares of Masco during the 4th quarter worth $95,517,000. Two Sigma Investments LP grew its stake in shares of Masco by 91.3% during the 4th quarter. Two Sigma Investments LP now owns 4,293,665 shares of the construction company’s stock worth $125,547,000 after purchasing an additional 2,049,065 shares during the period. Lakewood Capital Management LP acquired a new position in shares of Masco during the 4th quarter worth $57,749,000. Finally, Two Sigma Advisers LP grew its stake in shares of Masco by 65.3% during the 4th quarter. Two Sigma Advisers LP now owns 4,736,205 shares of the construction company’s stock worth $138,487,000 after purchasing an additional 1,871,100 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

In other Masco news, VP Kenneth G. Cole sold 23,161 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $40.03, for a total value of $927,134.83. Following the transaction, the vice president now directly owns 96,843 shares in the company, valued at approximately $3,876,625.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John P. Lindow sold 37,795 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the transaction, the vice president now owns 60,454 shares in the company, valued at $2,361,937.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,940 shares of company stock worth $11,890,269. 1.17% of the stock is owned by insiders.

NYSE:MAS opened at $36.90 on Friday. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 65.98, a quick ratio of 0.91 and a current ratio of 1.43. Masco Corp has a 12-month low of $27.03 and a 12-month high of $41.00.

Masco (NYSE:MAS) last released its earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Masco had a net margin of 8.40% and a return on equity of 675.68%. Masco’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. Analysts forecast that Masco Corp will post 2.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, April 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.30%. Masco’s dividend payout ratio (DPR) is 19.20%.

A number of equities analysts have recently weighed in on the stock. Raymond James raised shares of Masco from a “market perform” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Friday, April 26th. Zelman & Associates upgraded shares of Masco from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Zacks Investment Research lowered shares of Masco from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Robert W. Baird set a $50.00 price objective on shares of Masco and gave the stock a “buy” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Masco presently has an average rating of “Buy” and an average target price of $44.33.

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Masco Profile

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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