Municipal Employees Retirement System of Michigan Invests $1.20 Million in Masco Corp (NYSE:MAS) Stock

Municipal Employees Retirement System of Michigan bought a new stake in shares of Masco Corp (NYSE:MAS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,990 shares of the construction company’s stock, valued at approximately $1,199,000.

Other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Masco by 59.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock worth $33,000 after acquiring an additional 418 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Masco by 2,789.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock worth $35,000 after acquiring an additional 982,170 shares in the last quarter. Private Capital Group LLC grew its stake in shares of Masco by 333.3% during the 4th quarter. Private Capital Group LLC now owns 1,794 shares of the construction company’s stock worth $52,000 after acquiring an additional 1,380 shares in the last quarter. Clean Yield Group bought a new position in shares of Masco during the 4th quarter worth approximately $58,000. Finally, Essex Savings Bank bought a new position in shares of Masco during the 4th quarter worth approximately $58,000. Institutional investors own 92.65% of the company’s stock.

In other news, VP Kenneth G. Cole sold 23,161 shares of Masco stock in a transaction on Monday, March 4th. The stock was sold at an average price of $40.03, for a total transaction of $927,134.83. Following the completion of the sale, the vice president now owns 96,843 shares of the company’s stock, valued at $3,876,625.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John G. Sznewajs sold 165,248 shares of Masco stock in a transaction on Monday, March 4th. The stock was sold at an average price of $39.92, for a total value of $6,596,700.16. Following the sale, the chief financial officer now directly owns 398,178 shares of the company’s stock, valued at approximately $15,895,265.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 298,940 shares of company stock valued at $11,890,269. Company insiders own 1.17% of the company’s stock.

MAS stock traded up $0.07 during midday trading on Monday, reaching $40.53. 2,262,053 shares of the company were exchanged, compared to its average volume of 3,807,947. The company has a debt-to-equity ratio of 43.06, a current ratio of 1.64 and a quick ratio of 1.08. Masco Corp has a one year low of $27.03 and a one year high of $41.76. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 7th. The construction company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts anticipate that Masco Corp will post 2.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, April 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. Masco’s dividend payout ratio (DPR) is 19.20%.

Several equities analysts have recently weighed in on MAS shares. SunTrust Banks raised their price target on shares of Masco to $52.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Masco from a “sell” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, January 2nd. Barclays reaffirmed a “buy” rating and set a $39.00 price target on shares of Masco in a research note on Sunday, February 10th. ValuEngine raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Royal Bank of Canada set a $39.00 target price on shares of Masco and gave the company a “buy” rating in a research note 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’s stock. The company has an average rating of “Buy” and an average price target of $42.90.

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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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