State Board of Administration of Florida Retirement System cut its holdings in Masco Corp (NYSE:MAS) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,599 shares of the construction company’s stock after selling 10,840 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Masco were worth $17,480,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Voya Investment Management LLC boosted its position in shares of Masco by 15.4% in the 2nd quarter. Voya Investment Management LLC now owns 3,765,150 shares of the construction company’s stock worth $140,891,000 after buying an additional 501,978 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in Masco by 4,126.8% in the 2nd quarter. Iridian Asset Management LLC CT now owns 3,100,364 shares of the construction company’s stock valued at $116,016,000 after purchasing an additional 3,027,014 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Masco by 147.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock valued at $86,526,000 after purchasing an additional 1,377,136 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Masco by 45.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,011,984 shares of the construction company’s stock valued at $75,289,000 after purchasing an additional 626,222 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Masco by 189.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,823,176 shares of the construction company’s stock valued at $68,217,000 after purchasing an additional 1,193,132 shares in the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.

A number of research analysts have issued reports on the stock. Wells Fargo & Co restated a “buy” rating on shares of Masco in a report on Tuesday, July 31st. Bank of America upped their target price on shares of Masco from $44.00 to $45.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. B. Riley upped their target price on shares of Masco from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Cfra restated a “buy” rating and issued a $46.00 target price on shares of Masco in a report on Sunday, August 5th. Finally, ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.95.

In related news, CFO John G. Sznewajs sold 96,869 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the sale, the chief financial officer now owns 237,578 shares of the company’s stock, valued at approximately $9,253,663.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $31.30, for a total transaction of $1,565,000.00. Following the sale, the director now directly owns 575,961 shares of the company’s stock, valued at approximately $18,027,579.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,869 shares of company stock valued at $6,900,048. Corporate insiders own 1.20% of the company’s stock.

Shares of MAS stock opened at $31.03 on Friday. The stock has a market cap of $9.62 billion, a PE ratio of 13.75, a P/E/G ratio of 0.92 and a beta of 1.56. Masco Corp has a 1-year low of $27.15 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.13 and a current ratio of 1.71.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.05). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. Analysts forecast that Masco Corp will post 2.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be issued a dividend of $0.12 per share. This is a positive change from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, October 11th. Masco’s dividend payout ratio is presently 24.74%.

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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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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