Emerald Advisers Inc. PA Sells 6,049 Shares of Masco Corporation (NYSE:MAS)

Emerald Advisers Inc. PA lowered its position in Masco Corporation (NYSE:MAS) by 9.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,635 shares of the construction company’s stock after selling 6,049 shares during the period. Emerald Advisers Inc. PA’s holdings in Masco Corporation were worth $2,209,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its holdings in Masco Corporation by 22.6% in the third quarter. IFP Advisors Inc now owns 14,663 shares of the construction company’s stock worth $572,000 after buying an additional 2,703 shares during the last quarter. Hallmark Capital Management Inc. acquired a new position in Masco Corporation during the third quarter valued at approximately $587,000. Crossmark Global Holdings Inc. acquired a new position in Masco Corporation during the third quarter valued at approximately $1,128,000. Raymond James Financial Services Advisors Inc. grew its holdings in Masco Corporation by 6.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 71,907 shares of the construction company’s stock valued at $2,805,000 after purchasing an additional 4,436 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in Masco Corporation by 10.8% during the third quarter. Calamos Advisors LLC now owns 1,095,771 shares of the construction company’s stock valued at $42,746,000 after purchasing an additional 106,583 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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Several equities analysts have commented on the company. B. Riley reiterated a “buy” rating on shares of Masco Corporation in a report on Wednesday, November 1st. Argus raised their price objective on shares of Masco Corporation from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Citigroup Inc. raised their price objective on shares of Masco Corporation from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Barclays PLC set a $45.00 target price on Masco Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $46.00 target price (up from $43.00) on shares of Masco Corporation in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.71.

In other Masco Corporation news, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the transaction, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John P. Lindow sold 17,026 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total value of $682,231.82. Following the sale, the vice president now directly owns 101,681 shares in the company, valued at $4,074,357.67. The disclosure for this sale can be found here. Insiders have sold a total of 74,140 shares of company stock worth $2,946,110 over the last three months. 1.30% of the stock is owned by insiders.

Shares of Masco Corporation (NYSE MAS) opened at $38.89 on Tuesday. Masco Corporation has a 12 month low of $30.08 and a 12 month high of $41.10. The stock has a market capitalization of $12,145.37, a P/E ratio of 20.98, a PEG ratio of 1.20 and a beta of 1.56. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94.

Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. research analysts forecast that Masco Corporation will post 1.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, October 12th. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. Masco Corporation’s payout ratio is presently 25.00%.

Masco Corporation Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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