NEXT Financial Group Inc Trims Stake in Masco Corp (MAS)

NEXT Financial Group Inc decreased its holdings in shares of Masco Corp (NYSE:MAS) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,950 shares of the construction company’s stock after selling 4,795 shares during the period. NEXT Financial Group Inc’s holdings in Masco were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of MAS. Northern Trust Corp boosted its position in shares of Masco by 31.3% during the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after purchasing an additional 1,963,938 shares in the last quarter. FMR LLC lifted its stake in Masco by 7.5% during the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after buying an additional 1,439,946 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Masco by 41.4% during the third quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock valued at $109,791,000 after buying an additional 824,665 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Masco by 2.6% in the second quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock worth $1,192,431,000 after purchasing an additional 778,320 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Masco by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock worth $506,663,000 after purchasing an additional 763,078 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

In related news, VP John P. Lindow sold 17,026 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 101,681 shares in the company, valued at $4,074,357.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Renee Straber sold 2,574 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the completion of the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Insiders sold 88,961 shares of company stock worth $3,537,891 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on MAS shares. Robert W. Baird increased their price target on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of Masco from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Raymond James Financial reissued a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. FBR & Co reissued a “buy” rating and issued a $46.00 price target (up from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Finally, Barclays set a $45.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Masco has an average rating of “Buy” and a consensus price target of $43.47.

Masco Corp (MAS) opened at $45.24 on Wednesday. Masco Corp has a twelve month low of $31.29 and a twelve month high of $46.16. The company has a market capitalization of $14,394.51, a P/E ratio of 26.93, a P/E/G ratio of 1.20 and a beta of 1.58. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be issued a $0.105 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a yield of 0.93%. Masco’s dividend payout ratio is currently 25.00%.

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About Masco

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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