Nomura Asset Management Co. Ltd. Grows Position in Masco Corp (MAS)

Nomura Asset Management Co. Ltd. lifted its position in shares of Masco Corp (NYSE:MAS) by 8.1% during the 4th quarter, HoldingsChannel reports. The firm owned 52,874 shares of the construction company’s stock after acquiring an additional 3,965 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Masco were worth $1,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAS. Capital Research Global Investors bought a new stake in shares of Masco during the third quarter valued at approximately $337,123,000. BlackRock Inc. boosted its position in shares of Masco by 16.1% during the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock valued at $752,319,000 after purchasing an additional 3,573,503 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in shares of Masco by 58.1% during the third quarter. Iridian Asset Management LLC CT now owns 4,901,419 shares of the construction company’s stock valued at $179,392,000 after purchasing an additional 1,801,055 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Masco during the fourth quarter valued at approximately $32,825,000. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Masco by 2,789.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock valued at $35,000 after purchasing an additional 982,170 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.

Several research firms recently weighed in on MAS. SunTrust Banks lifted their price target on Masco to $52.00 and gave the company a “buy” rating in a research report on Thursday. They noted that the move was a valuation call. Nomura boosted their target price on Masco from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Barclays reissued a “buy” rating and issued a $39.00 target price on shares of Masco in a report on Sunday, February 10th. Finally, ValuEngine raised Masco from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $42.90.

Shares of NYSE:MAS opened at $38.98 on Friday. The firm has a market cap of $11.48 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64. Masco Corp has a 1 year low of $27.03 and a 1 year high of $42.27.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Masco had a return on equity of 520.34% and a net margin of 8.78%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, research analysts predict that Masco Corp will post 2.69 earnings per share for the current fiscal year.

In other news, insider Richard A. O’reagan sold 12,336 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $39.48, for a total transaction of $487,025.28. Following the transaction, the insider now directly owns 54,403 shares of the company’s stock, valued at $2,147,830.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keith J. Allman sold 51,283 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $39.82, for a total value of $2,042,089.06. Following the transaction, the insider now directly owns 426,072 shares in the company, valued at $16,966,187.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 298,940 shares of company stock worth $11,890,269. Corporate insiders own 1.20% of the company’s stock.

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About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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