Masco Corp (MAS) Position Lifted by Majedie Asset Management Ltd

Majedie Asset Management Ltd boosted its stake in Masco Corp (NYSE:MAS) by 636.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273,379 shares of the construction company’s stock after acquiring an additional 236,245 shares during the period. Majedie Asset Management Ltd’s holdings in Masco were worth $10,755,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MAS. BlackRock Inc. increased its stake in shares of Masco by 16.1% in the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock worth $752,319,000 after purchasing an additional 3,573,503 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Masco by 1.8% in the fourth quarter. APG Asset Management N.V. now owns 7,647,312 shares of the construction company’s stock worth $195,606,000 after purchasing an additional 133,600 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in shares of Masco by 16.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 5,717,510 shares of the construction company’s stock worth $167,180,000 after purchasing an additional 816,091 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Masco by 65.3% in the fourth quarter. Two Sigma Advisers LP now owns 4,736,205 shares of the construction company’s stock worth $138,487,000 after purchasing an additional 1,871,100 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Masco by 91.3% during the fourth quarter. Two Sigma Investments LP now owns 4,293,665 shares of the construction company’s stock valued at $125,547,000 after acquiring an additional 2,049,065 shares in the last quarter. 91.10% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Bank of America reaffirmed a “buy” rating and set a $56.00 price objective (up previously from $43.00) on shares of Masco in a research note on Monday, May 6th. Robert W. Baird set a $41.00 price objective on shares of Masco and gave the company a “buy” rating in a research note on Friday, February 8th. Zelman & Associates raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Finally, TheStreet raised shares of Masco from a “c+” rating to a “b-” rating in a research note on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.33.

MAS stock traded up $0.20 during midday trading on Wednesday, reaching $37.55. The company had a trading volume of 79,666 shares, compared to its average volume of 4,250,677. The company has a debt-to-equity ratio of 65.98, a current ratio of 1.43 and a quick ratio of 0.91. Masco Corp has a 1 year low of $27.03 and a 1 year high of $41.00. The stock has a market cap of $10.86 billion, a PE ratio of 15.02, a P/E/G ratio of 1.49 and a beta of 1.43.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). Masco had a return on equity of 675.68% and a net margin of 8.40%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm earned $0.45 EPS. Masco’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts expect that Masco Corp will post 2.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, April 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.28%. Masco’s dividend payout ratio is presently 19.20%.

In other news, VP Kenneth G. Cole sold 23,161 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $40.03, for a total value of $927,134.83. Following the completion of the sale, the vice president now directly owns 96,843 shares in the company, valued at approximately $3,876,625.29. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John P. Lindow sold 37,795 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the sale, the vice president now owns 60,454 shares of the company’s stock, valued at $2,361,937.78. The disclosure for this sale can be found here. In the last three months, insiders sold 298,940 shares of company stock valued at $11,890,269. Corporate insiders own 1.17% of the company’s stock.

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Masco Profile

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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