Migdal Insurance & Financial Holdings Ltd. Acquires 1,858 Shares of Masco Corp (MAS)

Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Masco Corp (NYSE:MAS) by 103.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,655 shares of the construction company’s stock after buying an additional 1,858 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Masco were worth $134,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Twin Capital Management Inc. increased its stake in Masco by 20.9% during the 3rd quarter. Twin Capital Management Inc. now owns 26,560 shares of the construction company’s stock valued at $972,000 after buying an additional 4,583 shares during the period. MML Investors Services LLC grew its stake in shares of Masco by 45.8% in the 3rd quarter. MML Investors Services LLC now owns 10,428 shares of the construction company’s stock worth $382,000 after purchasing an additional 3,276 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Masco by 64.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 120,536 shares of the construction company’s stock worth $4,412,000 after purchasing an additional 47,405 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Masco by 89.2% in the 3rd quarter. Toronto Dominion Bank now owns 378,273 shares of the construction company’s stock worth $13,842,000 after purchasing an additional 178,384 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Masco by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,016,292 shares of the construction company’s stock worth $37,196,000 after purchasing an additional 13,231 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Masco stock opened at $30.85 on Friday. The company has a market capitalization of $9.42 billion, a PE ratio of 13.47, a PEG ratio of 0.90 and a beta of 1.56. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 14.35. Masco Corp has a fifty-two week low of $27.15 and a fifty-two week high of $46.44.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. On average, equities research analysts predict that Masco Corp will post 2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th were given a $0.12 dividend. This is an increase from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, October 11th. Masco’s dividend payout ratio (DPR) is 24.74%.

Several equities analysts have recently issued reports on MAS shares. Robert W. Baird set a $42.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Credit Suisse Group lowered their price objective on shares of Masco from $35.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Goldman Sachs Group started coverage on shares of Masco in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $49.00 price objective on the stock. Evercore ISI raised shares of Masco from an “in-line” rating to an “outperform” rating in a research note on Monday, October 1st. Finally, TheStreet cut shares of Masco from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.63.

In other news, insider Richard A. O’reagan sold 12,900 shares of Masco stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $31.48, for a total value of $406,092.00. Following the transaction, the insider now directly owns 61,443 shares of the company’s stock, valued at $1,934,225.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard A. Manoogian sold 50,000 shares of Masco stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $31.30, for a total transaction of $1,565,000.00. Following the completion of the transaction, the director now directly owns 575,961 shares in the company, valued at $18,027,579.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 212,900 shares of company stock worth $6,631,092. 1.20% of the stock is currently owned by insiders.

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Masco Profile

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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