DekaBank Deutsche Girozentrale grew its position in Masco Co. (NYSE:MAS) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,239 shares of the construction company’s stock after buying an additional 68,726 shares during the period. DekaBank Deutsche Girozentrale owned 0.16% of Masco worth $23,062,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MAS. Norges Bank purchased a new stake in shares of Masco in the 4th quarter valued at approximately $141,913,000. Congress Asset Management Co. MA acquired a new position in shares of Masco in the 4th quarter worth approximately $115,923,000. Wells Fargo & Company MN lifted its holdings in shares of Masco by 27.3% in the 4th quarter. Wells Fargo & Company MN now owns 4,525,873 shares of the construction company’s stock worth $248,608,000 after acquiring an additional 969,633 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Masco by 153.0% in the 3rd quarter. Morgan Stanley now owns 1,350,667 shares of the construction company’s stock worth $74,463,000 after acquiring an additional 816,792 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Masco by 92.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,576,717 shares of the construction company’s stock worth $86,610,000 after acquiring an additional 756,989 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.
Shares of Masco stock opened at $61.10 on Thursday. Masco Co. has a 1 year low of $37.62 and a 1 year high of $62.86. The company has a debt-to-equity ratio of 8.17, a quick ratio of 1.54 and a current ratio of 2.01. The company has a market capitalization of $15.71 billion, a P/E ratio of 11.29, a PEG ratio of 1.23 and a beta of 1.33. The company’s fifty day moving average is $56.62 and its two-hundred day moving average is $55.66.
Masco (NYSE:MAS) last released its earnings results on Monday, February 8th. The construction company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Masco had a net margin of 21.27% and a return on equity of 1,966.88%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $0.54 EPS. The business’s revenue was up 13.5% on a year-over-year basis. As a group, equities analysts expect that Masco Co. will post 3.07 earnings per share for the current year.
Masco announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 9th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 13.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, CFO John G. Sznewajs sold 7,615 shares of the firm’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $56.21, for a total value of $428,039.15. Following the completion of the sale, the chief financial officer now owns 222,475 shares in the company, valued at $12,505,319.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John G. Sznewajs sold 1,656 shares of the firm’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $53.20, for a total transaction of $88,099.20. Insiders sold a total of 44,075 shares of company stock valued at $2,452,777 in the last 90 days. Company insiders own 1.23% of the company’s stock.
Several equities analysts have recently commented on the stock. Loop Capital lowered shares of Masco from a “buy” rating to a “hold” rating and set a $61.00 price objective on the stock. in a report on Wednesday, February 10th. BMO Capital Markets assumed coverage on shares of Masco in a report on Wednesday, January 13th. They set a “market perform” rating and a $62.00 target price on the stock. Wolfe Research assumed coverage on shares of Masco in a report on Tuesday, March 23rd. They set a “peer perform” rating on the stock. Credit Suisse Group increased their target price on shares of Masco from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 10th. They noted that the move was a valuation call. Finally, Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and dropped their price objective for the company from $69.00 to $61.00 in a research report on Monday, January 4th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $60.55.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company operates through two segments, Plumbing Products and Decorative Architectural Products. The Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.
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