Barclays PLC grew its holdings in shares of Masco Co. (NYSE:MAS – Get Rating) by 37.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 378,683 shares of the construction company’s stock after purchasing an additional 103,500 shares during the period. Barclays PLC owned 0.17% of Masco worth $17,675,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of MAS. Standard Family Office LLC bought a new position in shares of Masco during the third quarter valued at approximately $53,000. Sentry Investment Management LLC increased its holdings in shares of Masco by 18.8% in the 4th quarter. Sentry Investment Management LLC now owns 1,499 shares of the construction company’s stock worth $70,000 after acquiring an additional 237 shares during the period. Neo Ivy Capital Management bought a new stake in Masco in the 3rd quarter valued at about $80,000. Edge Capital Group LLC acquired a new position in Masco during the 3rd quarter valued at about $102,000. Finally, Signaturefd LLC grew its position in Masco by 15.9% in the 3rd quarter. Signaturefd LLC now owns 2,271 shares of the construction company’s stock worth $106,000 after purchasing an additional 311 shares during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Masco
In other news, CFO John G. Sznewajs sold 68,750 shares of Masco stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $54.09, for a total transaction of $3,718,687.50. Following the sale, the chief financial officer now owns 187,784 shares of the company’s stock, valued at approximately $10,157,236.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Masco news, CFO John G. Sznewajs sold 68,750 shares of Masco stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $54.09, for a total transaction of $3,718,687.50. Following the sale, the chief financial officer now owns 187,784 shares in the company, valued at $10,157,236.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John G. Sznewajs sold 20,361 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $54.00, for a total transaction of $1,099,494.00. Following the completion of the sale, the chief financial officer now directly owns 187,784 shares in the company, valued at approximately $10,140,336. The disclosure for this sale can be found here. Insiders have sold 99,111 shares of company stock worth $5,367,682 over the last three months. Company insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
Masco Stock Down 1.2 %
Shares of NYSE:MAS opened at $53.97 on Friday. The company’s fifty day moving average is $51.16 and its two-hundred day moving average is $50.87. The company has a market cap of $12.15 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 3.58 and a beta of 1.19. Masco Co. has a 12-month low of $42.33 and a 12-month high of $57.25.
Masco (NYSE:MAS – Get Rating) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Masco’s revenue was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that Masco Co. will post 3.35 earnings per share for the current year.
Masco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Friday, May 26th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 25th. Masco’s dividend payout ratio (DPR) is presently 31.93%.
Masco Profile
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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