State Board of Administration of Florida Retirement System Has $16.04 Million Position in Masco Co. (NYSE:MAS)

State Board of Administration of Florida Retirement System reduced its position in shares of Masco Co. (NYSE:MASFree Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,992 shares of the construction company’s stock after selling 7,960 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Masco worth $16,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. DecisionPoint Financial LLC acquired a new stake in Masco during the 2nd quarter worth approximately $29,000. VisionPoint Advisory Group LLC acquired a new stake in Masco during the 2nd quarter worth approximately $35,000. Center for Financial Planning Inc. lifted its holdings in Masco by 270.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Masco by 22.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,018 shares of the construction company’s stock worth $58,000 after purchasing an additional 189 shares during the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new stake in Masco during the 3rd quarter worth approximately $64,000. 91.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jai Shah sold 25,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $62.38, for a total value of $1,559,500.00. Following the transaction, the insider now directly owns 34,709 shares of the company’s stock, valued at approximately $2,165,147.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Kenneth G. Cole sold 27,043 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $62.48, for a total value of $1,689,646.64. Following the transaction, the vice president now directly owns 70,198 shares of the company’s stock, valued at approximately $4,385,971.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $62.38, for a total value of $1,559,500.00. Following the transaction, the insider now directly owns 34,709 shares in the company, valued at $2,165,147.42. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Masco Trading Down 1.0 %

Shares of MAS stock opened at $72.61 on Monday. The firm has a market capitalization of $15.96 billion, a P/E ratio of 18.11, a P/E/G ratio of 3.62 and a beta of 1.25. Masco Co. has a twelve month low of $46.69 and a twelve month high of $76.43. 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 stock’s fifty day simple moving average is $67.11 and its 200 day simple moving average is $59.93.

Masco (NYSE:MASGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s payout ratio is 28.43%.

Analysts Set New Price Targets

Several brokerages have weighed in on MAS. Oppenheimer began coverage on Masco in a report on Friday, January 19th. They issued a “market perform” rating for the company. Royal Bank of Canada lifted their price objective on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Friday. Citigroup began coverage on Masco in a report on Friday, February 2nd. They issued a “neutral” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Masco from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, December 14th. Finally, Wells Fargo & Company lifted their price objective on Masco from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target of $68.92.

View Our Latest Research Report on Masco

About Masco

(Free Report)

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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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