Bokf Na reduced its position in Masco Co. (NYSE:MAS – Free Report) by 31.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,962 shares of the construction company’s stock after selling 2,789 shares during the period. Bokf Na’s holdings in Masco were worth $296,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of MAS. United Bank increased its position in Masco by 23.7% in the 1st quarter. United Bank now owns 12,644 shares of the construction company’s stock worth $645,000 after purchasing an additional 2,425 shares during the last quarter. MetLife Investment Management LLC increased 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 worth $3,328,000 after purchasing an additional 11,337 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Masco by 4.8% during 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 during the last quarter. LSV Asset Management acquired a new position in shares of Masco during the 1st quarter valued at about $495,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Masco by 200.0% during the 1st quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock valued at $23,345,000 after acquiring an additional 305,138 shares during the last quarter. 91.67% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP Renee Straber sold 41,200 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $61.13, for a total transaction of $2,518,556.00. Following the completion of the transaction, the vice president now owns 31,995 shares in the company, valued at approximately $1,955,854.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Renee Straber sold 41,200 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $61.13, for a total transaction of $2,518,556.00. Following the completion of the sale, the vice president now directly owns 31,995 shares of the company’s stock, valued at approximately $1,955,854.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth G. Cole sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $54.95, for a total value of $549,500.00. Following the sale, the vice president now directly owns 70,198 shares of the company’s stock, valued at $3,857,380.10. The disclosure for this sale can be found here. Insiders sold 239,240 shares of company stock worth $14,307,207 in the last 90 days. 1.50% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on MAS
Masco Price Performance
Shares of MAS stock opened at $59.72 on Friday. The stock has a 50 day moving average of $58.53 and a two-hundred day moving average of $54.08. The company has a current ratio of 1.72, a quick ratio of 1.07 and a debt-to-equity ratio of 420.86. Masco Co. has a 12 month low of $42.33 and a 12 month high of $63.85. The company has a market capitalization of $13.44 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.85 and a beta of 1.22.
Masco (NYSE:MAS – Get Free Report) last posted its earnings results on Thursday, July 27th. The construction company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.96 by $0.23. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.08 billion. Masco had a negative return on equity of 403.37% and a net margin of 9.73%. Masco’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. As a group, equities analysts expect that Masco Co. will post 3.6 EPS for the current year.
Masco Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Friday, August 11th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.14 annualized dividend and a dividend yield of 1.91%. Masco’s dividend payout ratio (DPR) is presently 32.20%.
About Masco
Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.
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