Legal & General Group Plc Acquires 129,486 Shares of Masco Corp (NYSE:MAS)

Legal & General Group Plc lifted its holdings in shares of Masco Corp (NYSE:MAS) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,752,881 shares of the construction company’s stock after purchasing an additional 129,486 shares during the period. Legal & General Group Plc owned about 0.60% of Masco worth $51,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MAS. CSat Investment Advisory L.P. boosted its position in Masco by 97.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock worth $27,000 after acquiring an additional 460 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Masco by 59.7% during the fourth 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 during the last quarter. Private Capital Group LLC boosted its position in Masco by 333.3% during the fourth 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 during the last quarter. Clean Yield Group acquired a new stake in Masco during the fourth quarter worth approximately $58,000. Finally, Essex Savings Bank acquired a new stake in Masco during the fourth quarter worth approximately $58,000. 92.74% of the stock is owned by institutional investors and hedge funds.

In related news, VP Kenneth G. Cole sold 23,161 shares of Masco stock in a transaction on Monday, March 4th. The shares were sold at an average price of $40.03, for a total transaction of $927,134.83. Following the transaction, the vice president now owns 96,843 shares in the company, valued at approximately $3,876,625.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa A. Payne sold 9,117 shares of Masco stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $39.56, for a total transaction of $360,668.52. Following the sale, the director now directly owns 52,038 shares in the company, valued at approximately $2,058,623.28. The disclosure for this sale can be found here. Insiders have sold a total of 298,940 shares of company stock worth $11,890,269 in the last 90 days. Company insiders own 1.17% of the company’s stock.

A number of analysts recently issued reports on the stock. Nomura raised their target price on shares of Masco from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. SunTrust Banks lifted their price target on shares of Masco to $48.00 and gave the company a “buy” rating in a report on Monday, March 4th. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Barclays reiterated a “buy” rating and issued a $39.00 price target on shares of Masco in a report on Sunday, February 10th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $42.90.

Shares of NYSE:MAS traded up $0.05 during midday trading on Friday, hitting $40.04. 4,037,463 shares of the company’s stock traded hands, compared to its average volume of 2,806,014. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 43.06. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.44 and a beta of 1.46. Masco Corp has a twelve month low of $27.03 and a twelve month high of $41.24.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, April 12th will be issued 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 1.20%. Masco’s payout ratio is 19.20%.

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Masco Company 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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