PGGM Investments Purchases 124,896 Shares of Masco Corp (NYSE:MAS)

PGGM Investments lifted its stake in Masco Corp (NYSE:MAS) by 23.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 665,799 shares of the construction company’s stock after purchasing an additional 124,896 shares during the quarter. PGGM Investments owned about 0.23% of Masco worth $26,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MAS. FMR LLC raised its position in shares of Masco by 91.7% in the 1st quarter. FMR LLC now owns 3,095,234 shares of the construction company’s stock worth $121,673,000 after acquiring an additional 1,480,245 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in shares of Masco by 56,378.5% in the first quarter. Marshall Wace North America L.P. now owns 801,995 shares of the construction company’s stock worth $31,526,000 after buying an additional 800,575 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Masco by 2.8% in the first quarter. BlackRock Inc. now owns 26,449,910 shares of the construction company’s stock worth $1,039,744,000 after buying an additional 720,806 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Masco by 48.9% during the first quarter. OppenheimerFunds Inc. now owns 1,701,730 shares of the construction company’s stock worth $66,895,000 after purchasing an additional 558,845 shares in the last quarter. Finally, Scout Investments Inc. purchased a new position in Masco during the first quarter worth approximately $20,577,000. Institutional investors own 91.30% of the company’s stock.

Shares of Masco stock traded up $0.49 during mid-day trading on Tuesday, reaching $39.19. 128,945 shares of the stock traded hands, compared to its average volume of 3,231,398. The company has a 50-day moving average price of $39.20. Masco Corp has a fifty-two week low of $27.03 and a fifty-two week high of $42.58. The stock has a market capitalization of $11.57 billion, a PE ratio of 15.67, a PEG ratio of 1.68 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 39.03.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Masco had a return on equity of 792.80% and a net margin of 8.77%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts forecast that Masco Corp will post 2.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Friday, July 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.22%. Masco’s dividend payout ratio is presently 19.20%.

A number of equities analysts have issued reports on MAS shares. TheStreet downgraded Masco from a “b” rating to a “c+” rating in a research report on Friday, July 26th. Zelman & Associates upgraded Masco from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Robert W. Baird set a $48.00 price target on Masco and gave the stock a “buy” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating and set a $44.00 price target on the stock in a research report on Monday, July 29th. Finally, Bank of America reissued a “buy” rating and set a $56.00 target price (up previously from $43.00) on shares of Masco in a report on Monday, May 6th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Masco presently has an average rating of “Buy” and a consensus price target of $45.27.

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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