Nordea Investment Management AB grew its holdings in Masco Co. (NYSE:MAS – Free Report) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,957,357 shares of the construction company’s stock after purchasing an additional 254,285 shares during the period. Nordea Investment Management AB owned about 0.87% of Masco worth $131,437,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Trexquant Investment LP lifted its position in Masco by 22.9% in the 3rd quarter. Trexquant Investment LP now owns 141,596 shares of the construction company’s stock worth $7,568,000 after buying an additional 26,360 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Masco by 27.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 257,151 shares of the construction company’s stock valued at $13,745,000 after purchasing an additional 55,407 shares during the last quarter. Van ECK Associates Corp grew its stake in Masco by 15.4% in the third quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company’s stock valued at $284,404,000 after purchasing an additional 711,988 shares in the last quarter. LPL Financial LLC increased its position in Masco by 26.6% in the 3rd quarter. LPL Financial LLC now owns 196,339 shares of the construction company’s stock worth $10,494,000 after purchasing an additional 41,270 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Masco during the 2nd quarter worth about $4,983,000. 91.67% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Masco
In other news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the sale, the vice president now directly owns 10,465 shares in the company, valued at $806,328.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Kenneth G. Cole sold 36,210 shares of Masco stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares in the company, valued at approximately $4,395,765.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders sold a total of 83,762 shares of company stock valued at $6,337,597 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on MAS
Masco Stock Up 0.3 %
Shares of MAS stock opened at $74.16 on Monday. Masco Co. has a 12 month low of $46.69 and a 12 month high of $78.29. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. The firm has a market cap of $16.30 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25. The stock has a 50 day moving average of $71.69 and a 200-day moving average of $62.82.
Masco (NYSE:MAS – Get Free Report) last released its earnings results on Thursday, February 8th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts predict that Masco Co. will post 4.12 EPS for the current year.
Masco Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.56%. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. Masco’s payout ratio is currently 28.93%.
About Masco
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.
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