Skandinaviska Enskilda Banken AB publ decreased its position in shares of Masco Corp (NYSE:MAS) by 14.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,510 shares of the construction company’s stock after selling 11,077 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Masco were worth $2,299,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MAS. Mutual of America Capital Management LLC lifted its stake in Masco by 0.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 39,115 shares of the construction company’s stock valued at $1,352,000 after acquiring an additional 256 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Masco by 3.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 7,691 shares of the construction company’s stock worth $266,000 after acquiring an additional 276 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Masco by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 26,788 shares of the construction company’s stock valued at $926,000 after acquiring an additional 281 shares during the period. Bessemer Group Inc. increased its stake in shares of Masco by 7.4% in the 1st quarter. Bessemer Group Inc. now owns 4,735 shares of the construction company’s stock valued at $164,000 after purchasing an additional 328 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in Masco by 2.8% in the 4th quarter. Greenleaf Trust now owns 12,428 shares of the construction company’s stock worth $596,000 after purchasing an additional 333 shares during the period. Institutional investors own 93.14% of the company’s stock.

In other Masco news, insider Richard A. O’reagan sold 12,000 shares of Masco stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $39.96, for a total value of $479,520.00. Following the transaction, the insider now directly owns 43,553 shares in the company, valued at approximately $1,740,377.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John P. Lindow sold 1,246 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total value of $62,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 22,712 shares in the company, valued at approximately $1,135,600. The disclosure for this sale can be found here. Insiders sold 18,920 shares of company stock valued at $819,846 over the last ninety days. Corporate insiders own 1.23% of the company’s stock.

Several research analysts have recently weighed in on MAS shares. KeyCorp upped their target price on Masco from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Deutsche Bank boosted their target price on shares of Masco from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Nomura Instinet lifted their price objective on Masco from $52.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Wednesday, April 8th. Finally, Credit Suisse Group began coverage on Masco in a report on Wednesday, May 27th. They issued an “outperform” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.57.

Shares of NYSE MAS opened at $48.88 on Tuesday. The stock has a market cap of $12.74 billion, a P/E ratio of 10.25, a P/E/G ratio of 2.10 and a beta of 1.48. Masco Corp has a twelve month low of $27.04 and a twelve month high of $50.10. The stock has a 50 day moving average of $46.34 and a two-hundred day moving average of $43.98. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 120.48.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 29th. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Masco had a net margin of 18.13% and a negative return on equity of 2,296.06%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Masco Corp will post 2.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, July 10th will be paid a $0.135 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.54 dividend on an annualized basis and a yield of 1.10%. Masco’s dividend payout ratio is presently 24.00%.

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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