Masco Corp (MAS) Holdings Trimmed by Magnetar Financial LLC

Magnetar Financial LLC cut its holdings in shares of Masco Corp (NYSE:MAS) by 61.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,511 shares of the construction company’s stock after selling 15,463 shares during the period. Magnetar Financial LLC’s holdings in Masco were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Mckinley Capital Management LLC Delaware bought a new stake in shares of Masco in the second quarter valued at about $101,000. YorkBridge Wealth Partners LLC lifted its holdings in shares of Masco by 4.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after purchasing an additional 127 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares in the last quarter. Fiduciary Trust Co. bought a new stake in shares of Masco in the second quarter valued at about $166,000. Finally, Kings Point Capital Management lifted its holdings in shares of Masco by 50.0% in the second quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock valued at $172,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.

A number of analysts have recently commented on MAS shares. Robert W. Baird restated a “buy” rating and issued a $42.00 price target on shares of Masco in a report on Monday, August 28th. Zacks Investment Research lowered Masco from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Raymond James Financial restated a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. FBR & Co restated a “buy” rating and issued a $46.00 price target (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Finally, Barclays set a $45.00 price target on Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Masco currently has a consensus rating of “Buy” and a consensus price target of $42.88.

Masco Corp (NYSE MAS) traded down $0.17 during trading hours on Friday, hitting $41.85. The company had a trading volume of 3,238,000 shares, compared to its average volume of 2,645,936. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. The firm has a market capitalization of $13,218.03, a P/E ratio of 22.84, a P/E/G ratio of 1.30 and a beta of 1.59. Masco Corp has a twelve month low of $31.29 and a twelve month high of $43.79.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. Masco’s dividend payout ratio is currently 25.00%.

In other Masco news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the transaction, the director now directly owns 47,909 shares in the company, valued at approximately $1,861,264.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,227 shares of company stock worth $3,622,549. 1.30% of the stock is owned by company insiders.

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Masco 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 (NYSE:MAS)

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