Kiwi Wealth Investments Limited Partnership lifted its stake in shares of Masco Corp (NYSE:MAS) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,638 shares of the construction company’s stock after buying an additional 3,547 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Masco were worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Masco during the fourth quarter valued at about $114,000. Avestar Capital LLC purchased a new position in shares of Masco during the fourth quarter valued at about $135,000. Tower Research Capital LLC TRC increased its position in shares of Masco by 299.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after buying an additional 2,772 shares during the period. Dupont Capital Management Corp increased its position in shares of Masco by 61.3% during the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock valued at $158,000 after buying an additional 1,486 shares during the period. Finally, Adviser Investments LLC purchased a new stake in Masco in the first quarter worth about $181,000. Institutional investors own 88.31% of the company’s stock.

In other news, Director Lisa A. Payne sold 5,577 shares of the stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total transaction of $233,397.45. Following the sale, the director now owns 56,766 shares in the company, valued at $2,375,657.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

NYSE:MAS opened at $37.91 on Thursday. Masco Corp has a 52 week low of $35.79 and a 52 week high of $46.44. The company has a debt-to-equity ratio of 16.23, a quick ratio of 1.10 and a current ratio of 1.69. The company has a market cap of $12.02 billion, a PE ratio of 19.57, a PEG ratio of 1.00 and a beta of 1.49.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). Masco had a net margin of 6.96% and a return on equity of 512.88%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. equities analysts predict that Masco Corp will post 2.52 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Monday, May 28th. Credit Suisse Group set a $46.00 price objective on shares of Masco and gave the stock a “hold” rating in a report on Tuesday, April 24th. MKM Partners cut their price objective on shares of Masco to $45.00 and set a “buy” rating on the stock in a report on Wednesday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Masco from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, April 26th. Finally, Wells Fargo & Co upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, May 14th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.75.

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.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corp (NYSE:MAS).

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.