Norinchukin Bank The Has $1.14 Million Position in Masco Co. (NYSE:MAS)

Norinchukin Bank The grew its holdings in shares of Masco Co. (NYSE:MASGet Rating) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,327 shares of the construction company’s stock after acquiring an additional 1,341 shares during the period. Norinchukin Bank The’s holdings in Masco were worth $1,139,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Prospera Financial Services Inc acquired a new stake in shares of Masco in the 1st quarter valued at about $25,000. Confluence Wealth Services Inc. acquired a new stake in shares of Masco in the 4th quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Masco in the 1st quarter valued at about $55,000. Tobam grew its stake in shares of Masco by 26.9% in the 1st quarter. Tobam now owns 1,129 shares of the construction company’s stock valued at $58,000 after buying an additional 239 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Masco in the 4th quarter valued at about $71,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Keith J. Allman sold 10,000 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $52.02, for a total transaction of $520,200.00. Following the completion of the transaction, the chief executive officer now directly owns 288,295 shares in the company, valued at approximately $14,997,105.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Keith J. Allman sold 10,000 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $52.02, for a total transaction of $520,200.00. Following the completion of the transaction, the chief executive officer now directly owns 288,295 shares in the company, valued at approximately $14,997,105.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles K. Stevens III sold 7,000 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $56.38, for a total transaction of $394,660.00. Following the transaction, the director now owns 10,160 shares of the company’s stock, valued at $572,820.80. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Masco from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. BMO Capital Markets cut their price target on Masco from $68.00 to $60.00 in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Masco in a research note on Wednesday, August 17th. They set a “hold” rating and a $61.00 price target for the company. UBS Group cut their price target on Masco from $81.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Finally, Barclays cut their price target on Masco from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus price target of $63.93.

Masco Trading Down 1.8 %

Shares of MAS stock opened at $49.86 on Friday. The company’s fifty day simple moving average is $53.27 and its two-hundred day simple moving average is $53.59. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. Masco Co. has a 1 year low of $46.27 and a 1 year high of $71.06. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.05 and a beta of 1.22.

Masco (NYSE:MASGet Rating) last issued its earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. As a group, analysts anticipate that Masco Co. will post 4.17 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Friday, August 12th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.25%. Masco’s dividend payout ratio (DPR) is currently 31.11%.

Masco Profile

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Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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