PNC Financial Services Group Inc. Increases Position in Masco Corp (NYSE:MAS)

PNC Financial Services Group Inc. lifted its position in Masco Corp (NYSE:MAS) by 39.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,101 shares of the construction company’s stock after acquiring an additional 34,703 shares during the period. PNC Financial Services Group Inc.’s holdings in Masco were worth $4,938,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MAS. Aperio Group LLC increased its position in shares of Masco by 4.3% in the fourth quarter. Aperio Group LLC now owns 184,024 shares of the construction company’s stock worth $8,086,000 after acquiring an additional 7,646 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Masco by 3.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 61,688 shares of the construction company’s stock valued at $2,711,000 after purchasing an additional 1,854 shares in the last quarter. Teacher Retirement System of Texas grew its position in Masco by 108.9% during the fourth quarter. Teacher Retirement System of Texas now owns 214,315 shares of the construction company’s stock valued at $9,417,000 after purchasing an additional 111,699 shares in the last quarter. California Public Employees Retirement System grew its position in Masco by 2.2% during the fourth quarter. California Public Employees Retirement System now owns 788,655 shares of the construction company’s stock valued at $34,654,000 after purchasing an additional 17,107 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Masco by 129.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 22,214 shares of the construction company’s stock valued at $976,000 after purchasing an additional 12,552 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Masco traded down $0.38, reaching $37.86, during trading on Monday, according to Marketbeat Ratings. The company’s stock had a trading volume of 201,871 shares, compared to its average volume of 2,967,591. The company has a quick ratio of 1.10, a current ratio of 1.69 and a debt-to-equity ratio of 16.23. The stock has a market capitalization of $11.87 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.49. Masco Corp has a 1-year low of $35.79 and a 1-year high of $46.44.



Masco (NYSE:MAS) last posted its earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.86 billion. Masco had a net margin of 6.96% and a return on equity of 512.88%. Masco’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. equities analysts anticipate that Masco Corp will post 2.52 EPS for the current year.

In other news, Director Lisa A. Payne sold 5,577 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total value of $233,397.45. Following the completion of the sale, the director now directly owns 56,766 shares in the company, valued at $2,375,657.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

A number of brokerages recently commented on MAS. Wells Fargo & Co set a $45.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Friday, June 1st. ValuEngine raised shares of Masco from a “sell” rating to a “hold” rating in a research report on Monday, May 28th. Bank of America downgraded shares of Masco from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $46.45 to $35.79 in a research report on Monday, May 14th. JPMorgan Chase & Co. lowered their price objective on shares of Masco from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. Finally, Royal Bank of Canada set a $43.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Wednesday, April 25th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.75.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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