Natixis Advisors L.P. Grows Position in Masco Corp (MAS)

Natixis Advisors L.P. lifted its position in Masco Corp (NYSE:MAS) by 258.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,632 shares of the construction company’s stock after buying an additional 34,355 shares during the period. Natixis Advisors L.P.’s holdings in Masco were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MAS. BlackRock Inc. raised its holdings in Masco by 16.1% during the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock valued at $752,319,000 after acquiring an additional 3,573,503 shares during the period. Capital Research Global Investors bought a new stake in Masco during the third quarter valued at about $337,123,000. Iridian Asset Management LLC CT raised its holdings in Masco by 16.7% during the fourth quarter. Iridian Asset Management LLC CT now owns 5,717,510 shares of the construction company’s stock valued at $167,180,000 after acquiring an additional 816,091 shares during the period. Bank of New York Mellon Corp raised its holdings in Masco by 9.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,464,982 shares of the construction company’s stock valued at $72,077,000 after acquiring an additional 221,871 shares during the period. Finally, Bank of Montreal Can raised its holdings in Masco by 21.1% during the fourth quarter. Bank of Montreal Can now owns 2,431,679 shares of the construction company’s stock valued at $71,102,000 after acquiring an additional 424,453 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

In other Masco news, 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 transaction, the vice president now owns 60,454 shares in the company, valued at $2,361,937.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John G. Sznewajs sold 165,248 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $39.92, for a total value of $6,596,700.16. Following the transaction, the chief financial officer now 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. Insiders have sold 298,940 shares of company stock valued at $11,890,269 in the last 90 days. Company insiders own 1.17% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Nomura set a $37.00 target price on Masco and gave the stock a “buy” rating in a report on Monday, December 17th. Bank of America raised Masco from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, January 4th. Credit Suisse Group set a $34.00 target price on Masco and gave the stock a “hold” rating in a report on Friday, January 11th. Finally, ValuEngine raised Masco from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.90.

MAS traded up $0.07 on Monday, hitting $40.53. The company had a trading volume of 2,262,053 shares, compared to its average volume of 3,807,947. The firm has a market cap of $11.86 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.45 and a beta of 1.46. Masco Corp has a 12-month low of $27.03 and a 12-month high of $41.76. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 43.06.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, February 7th. The construction company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. Masco had a return on equity of 520.34% and a net margin of 8.78%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. On average, research analysts forecast that Masco Corp will post 2.69 earnings per share for the current fiscal year.

The firm also recently announced 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 is Thursday, April 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.18%. Masco’s dividend payout ratio (DPR) is presently 19.20%.

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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.

Further Reading: Preferred Stock

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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