AMP Capital Investors Ltd decreased its stake in shares of Masco Corp (NYSE:MAS) by 24.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,974 shares of the construction company’s stock after selling 36,277 shares during the quarter. AMP Capital Investors Ltd’s holdings in Masco were worth $4,330,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MAS. Mckinley Capital Management LLC Delaware bought a new stake in shares of Masco in the 2nd quarter worth $101,000. YorkBridge Wealth Partners LLC increased its holdings in shares of Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after purchasing an additional 127 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Masco in the 2nd quarter worth $166,000. Finally, Kings Point Capital Management increased its holdings in shares of Masco by 50.0% in the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

In other news, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares in the company, valued at $3,201,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $42.55, for a total value of $109,523.70. Following the completion of the transaction, the vice president now owns 65,423 shares in the company, valued at $2,783,748.65. The disclosure for this sale can be found here. Insiders have sold 91,227 shares of company stock valued at $3,622,549 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

A number of analysts have commented on MAS shares. Robert W. Baird lifted their target price on Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Citigroup lifted their price objective on Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and issued a $46.00 price objective (up previously from $43.00) on shares of Masco in a report on Wednesday, October 25th. Royal Bank of Canada lifted their price objective on Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $42.88.

Shares of Masco Corp (NYSE MAS) opened at $42.31 on Friday. Masco Corp has a fifty-two week low of $31.29 and a fifty-two week high of $43.79. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. The stock has a market capitalization of $13,164.56, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. equities research analysts expect that Masco Corp will post 1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, January 11th. Masco’s dividend payout ratio is presently 25.00%.

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Masco 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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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