Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Masco Corp (NYSE:MAS) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,910 shares of the construction company’s stock after acquiring an additional 2,140 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Masco were worth $1,011,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MAS. Prudential Financial Inc. grew its position in Masco by 2.3% in the third quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after purchasing an additional 11,362 shares in the last quarter. KBC Group NV grew its position in Masco by 12.5% in the second quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 4,223 shares in the last quarter. Palladium Partners LLC grew its position in Masco by 1.1% in the third quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after purchasing an additional 3,250 shares in the last quarter. State of Tennessee Treasury Department grew its position in Masco by 19.4% in the second quarter. State of Tennessee Treasury Department now owns 199,990 shares of the construction company’s stock valued at $7,642,000 after purchasing an additional 32,532 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in Masco by 29.1% in the second quarter. Calamos Advisors LLC now owns 989,188 shares of the construction company’s stock valued at $37,797,000 after purchasing an additional 223,177 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

Shares of Masco Corp (NYSE:MAS) traded down $0.32 on Wednesday, hitting $42.98. 2,942,600 shares of the stock were exchanged, compared to its average volume of 2,640,234. Masco Corp has a 52 week low of $31.01 and a 52 week high of $43.79. The company has a market cap of $13,420.00, a P/E ratio of 23.53, a PEG ratio of 1.34 and a beta of 1.59. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.

Masco (NYSE:MAS) last announced 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 net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business earned $0.41 EPS. The business’s revenue was up 3.1% on a year-over-year basis. analysts expect that Masco Corp will post 1.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, October 12th. This is an increase from Masco’s previous quarterly dividend of $0.10. Masco’s dividend payout ratio (DPR) is 24.85%.

MAS has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Citigroup raised their target price on shares of Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and issued a $46.00 target price (up previously from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Royal Bank Of Canada raised their target price on shares of Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Masco presently has a consensus rating of “Buy” and an average price target of $42.88.

In other news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the completion of the sale, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.85, for a total transaction of $654,622.50. Following the sale, the director now owns 47,909 shares of the company’s stock, valued at approximately $1,861,264.65. The disclosure for this sale can be found here. In the last three months, insiders sold 90,990 shares of company stock valued at $3,600,733. Insiders own 1.30% of the company’s stock.

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Masco Company 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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