Nordea Investment Management AB increased its position in Masco Corp (NYSE:MAS) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,039,216 shares of the construction company’s stock after acquiring an additional 42,491 shares during the period. Nordea Investment Management AB owned approximately 0.35% of Masco worth $30,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised 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 valued at $33,000 after buying an additional 418 shares during the last quarter. Highland Capital Management LLC raised its stake in shares of Masco by 1.8% during the 4th quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock valued at $708,000 after buying an additional 430 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Masco by 97.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock valued at $27,000 after buying an additional 460 shares during the last quarter. ETF Managers Group LLC raised its stake in shares of Masco by 18.3% during the 4th quarter. ETF Managers Group LLC now owns 3,298 shares of the construction company’s stock valued at $96,000 after buying an additional 510 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Masco by 2.8% during the 4th quarter. Advisor Group Inc. now owns 25,958 shares of the construction company’s stock valued at $759,000 after buying an additional 704 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.
MAS has been the subject of a number of recent research reports. Robert W. Baird set a $41.00 price objective on Masco and gave the company a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group reiterated a “hold” rating and set a $34.00 price objective on shares of Masco in a research note on Thursday, February 7th. SunTrust Banks lifted their price objective on Masco to $52.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Royal Bank of Canada set a $39.00 price target on 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.90.
MAS stock traded up $0.05 during trading on Friday, hitting $40.04. The stock had a trading volume of 4,037,463 shares, 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. Masco Corp has a twelve month low of $27.03 and a twelve month high of $41.24. The stock has a market cap 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 (NYSE:MAS) last posted its quarterly earnings data on Thursday, February 7th. The construction company reported $0.64 earnings per share (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 for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $0.44 EPS. Masco’s revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Masco Corp will post 2.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, April 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, April 11th. 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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