Mercer Global Advisors Inc. ADV lifted its position in Masco Co. (NYSE:MAS – Get Rating) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,119 shares of the construction company’s stock after acquiring an additional 5,977 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Masco were worth $3,412,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of MAS. United Bank raised its stake in Masco by 23.7% during the 1st quarter. United Bank now owns 12,644 shares of the construction company’s stock worth $645,000 after buying an additional 2,425 shares during the period. MetLife Investment Management LLC lifted its position in Masco by 21.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,264 shares of the construction company’s stock valued at $3,328,000 after acquiring an additional 11,337 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Masco by 4.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,103 shares of the construction company’s stock valued at $1,637,000 after acquiring an additional 1,466 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Masco in the 1st quarter valued at about $495,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Masco by 200.0% in the 1st quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock valued at $23,345,000 after purchasing an additional 305,138 shares during the period. Institutional investors own 91.50% of the company’s stock.
Insider Buying and Selling
In other news, CEO Keith J. Allman sold 33,947 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $53.26, for a total value of $1,808,017.22. Following the completion of the sale, the chief executive officer now owns 200,305 shares of the company’s stock, valued at $10,668,244.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Masco news, CEO Keith J. Allman sold 33,947 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $53.26, for a total transaction of $1,808,017.22. Following the completion of the sale, the chief executive officer now directly owns 200,305 shares in the company, valued at approximately $10,668,244.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Keith J. Allman sold 69,203 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $55.63, for a total value of $3,849,762.89. Following the sale, the chief executive officer now owns 258,085 shares in the company, valued at approximately $14,357,268.55. The disclosure for this sale can be found here. Insiders sold a total of 210,501 shares of company stock valued at $11,504,150 in the last three months. Insiders own 1.50% of the company’s stock.
Masco Trading Down 1.1 %
Masco (NYSE:MAS – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Masco had a net margin of 9.65% and a negative return on equity of 237.83%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the company earned $0.95 EPS. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Masco Co. will post 3.35 earnings per share for the current year.
Masco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Friday, May 26th will be issued a dividend of $0.285 per share. The ex-dividend date is Thursday, May 25th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.19%. Masco’s dividend payout ratio (DPR) is presently 31.93%.
Wall Street Analyst Weigh In
MAS has been the subject of a number of research reports. Barclays increased their price objective on Masco from $62.00 to $64.00 in a report on Thursday, April 27th. Jefferies Financial Group raised shares of Masco from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $65.00 in a research report on Friday, April 28th. Bank of America lowered their price target on shares of Masco from $49.00 to $48.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 19th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp reduced their price target on Masco from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $58.71.
About Masco
Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets.
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