DekaBank Deutsche Girozentrale trimmed its position in shares of Masco Corp (NYSE:MAS) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,659 shares of the construction company’s stock after selling 15,726 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.13% of Masco worth $15,081,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of MAS. Iridian Asset Management LLC CT grew its stake in Masco by 4,126.8% during the second quarter. Iridian Asset Management LLC CT now owns 3,100,364 shares of the construction company’s stock worth $116,016,000 after buying an additional 3,027,014 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Masco by 147.3% during the second quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock worth $86,526,000 after buying an additional 1,377,136 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Masco by 1,747.5% during the second quarter. Advisors Asset Management Inc. now owns 1,361,542 shares of the construction company’s stock worth $2,598,000 after buying an additional 1,287,847 shares during the last quarter. Janus Henderson Group PLC grew its stake in Masco by 189.4% during the second quarter. Janus Henderson Group PLC now owns 1,823,176 shares of the construction company’s stock worth $68,217,000 after buying an additional 1,193,132 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Masco by 259.5% during the third quarter. SG Americas Securities LLC now owns 1,356,462 shares of the construction company’s stock worth $49,647,000 after buying an additional 979,136 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Richard A. O’reagan sold 12,900 shares of the 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 in the company, valued at $1,934,225.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $31.24, for a total transaction of $1,562,000.00. Following the completion of the transaction, the director now owns 625,961 shares in the company, valued at $19,555,021.64. The disclosure for this sale can be found here. Insiders have sold 212,900 shares of company stock worth $6,631,092 over the last three months. 1.20% of the stock is owned by insiders.
MAS opened at $30.85 on Monday. Masco Corp has a one year low of $27.15 and a one year high of $46.44. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 14.35. The company has a market cap of $9.42 billion, a PE ratio of 15.90, a P/E/G ratio of 0.90 and a beta of 1.56.
Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $0.50 earnings per share. Masco’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Masco Corp will post 2.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th were paid a dividend of $0.12 per share. This is a boost 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 is 24.74%.
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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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