OMERS ADMINISTRATION Corp Sells 9,145 Shares of Masco Co. (NYSE:MAS)

OMERS ADMINISTRATION Corp reduced its position in shares of Masco Co. (NYSE:MAS) by 26.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,776 shares of the construction company’s stock after selling 9,145 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Masco were worth $1,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Masco during the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in Masco during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new position in Masco during the 4th quarter valued at approximately $42,000. GeoWealth Management LLC lifted its holdings in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock worth $50,000 after buying an additional 322 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Masco by 26.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Renee Straber sold 3,139 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the sale, the vice president now owns 33,027 shares of the company’s stock, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Keith J. Allman sold 21,723 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the transaction, the chief executive officer now owns 60,267 shares of the company’s stock, valued at approximately $4,601,988.12. This trade represents a 26.49% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAS. Robert W. Baird reduced their price objective on shares of Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group reduced their price target on shares of Masco from $64.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. UBS Group restated a “buy” rating and issued a $80.00 price objective (down from $91.00) on shares of Masco in a report on Thursday, April 24th. The Goldman Sachs Group reduced their target price on Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Masco in a research report on Tuesday, April 1st. They issued a “hold” rating and a $71.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.63.

Masco Stock Up 0.9%

Shares of MAS stock opened at $67.27 on Friday. The stock’s fifty day moving average price is $64.88 and its 200 day moving average price is $73.00. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The company has a market cap of $14.19 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. Masco’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, research analysts expect that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. Masco’s payout ratio is 33.88%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's 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.