DnB Asset Management AS Buys 1,301 Shares of Masco Co. (NYSE:MAS)

DnB Asset Management AS increased its stake in shares of Masco Co. (NYSE:MASGet Rating) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,293 shares of the construction company’s stock after acquiring an additional 1,301 shares during the quarter. DnB Asset Management AS’s holdings in Masco were worth $4,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. Prospera Financial Services Inc purchased a new stake in Masco during the first quarter valued at $25,000. Quent Capital LLC purchased a new stake in Masco during the fourth quarter valued at $71,000. GHP Investment Advisors Inc. purchased a new stake in Masco during the first quarter valued at $55,000. Tobam raised its stake in Masco by 26.9% during the first quarter. Tobam now owns 1,129 shares of the construction company’s stock valued at $58,000 after purchasing an additional 239 shares in the last quarter. Finally, Riverview Trust Co raised its stake in Masco by 49.5% during the first quarter. Riverview Trust Co now owns 1,455 shares of the construction company’s stock valued at $74,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other Masco news, CEO Keith J. Allman sold 10,000 shares of the stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $52.02, for a total transaction of $520,200.00. Following the transaction, the chief executive officer now directly owns 288,295 shares in the company, valued at approximately $14,997,105.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MAS. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, September 12th. Wells Fargo & Company increased their target price on shares of Masco from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Masco in a research note on Wednesday, August 17th. They issued a “hold” rating and a $61.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of Masco from $58.00 to $54.00 in a research note on Friday, July 15th. Finally, BMO Capital Markets reduced their target price on shares of Masco from $68.00 to $60.00 in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.93.

Masco Stock Up 1.3 %

Shares of Masco stock opened at $49.40 on Tuesday. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. Masco Co. has a 1 year low of $46.27 and a 1 year high of $71.06. The firm’s 50-day moving average is $52.86 and its two-hundred day moving average is $53.02. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.01 and a beta of 1.23.

Masco (NYSE:MASGet Rating) last issued its earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.05). Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that Masco Co. will post 4.17 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Friday, August 12th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, August 11th. Masco’s payout ratio is 31.11%.

About Masco

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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.

See Also

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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