Masco Corp (MAS) Holdings Decreased by CIBC Asset Management Inc
CIBC Asset Management Inc decreased its stake in shares of Masco Corp (NYSE:MAS) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,980 shares of the construction company’s stock after selling 2,338 shares during the quarter. CIBC Asset Management Inc’s holdings in Masco were worth $1,317,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. APG Asset Management N.V. increased its holdings in shares of Masco by 32.1% during the 4th quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock worth $237,478,000 after acquiring an additional 1,577,500 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Masco by 41.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock worth $109,791,000 after acquiring an additional 824,665 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Masco by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock worth $506,663,000 after acquiring an additional 763,078 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Masco by 308.9% during the 4th quarter. Bank of Montreal Can now owns 855,369 shares of the construction company’s stock worth $37,585,000 after acquiring an additional 646,158 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Masco by 147.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 707,534 shares of the construction company’s stock worth $27,589,000 after acquiring an additional 421,631 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.
Masco Corp (NYSE MAS) opened at $42.13 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. Masco Corp has a 1-year low of $32.88 and a 1-year high of $46.44. The company has a market capitalization of $13,203.16, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, January 11th. Masco’s dividend payout ratio is 25.45%.
In other Masco news, VP Renee Straber sold 2,574 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
MAS has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Raymond James Financial reissued a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. Finally, FBR & Co reissued a “buy” rating and set a $46.00 target price (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $44.07.
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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.
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