Glenmede Trust Co. NA boosted its position in shares of Masco Corp (NYSE:MAS) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,097,185 shares of the construction company’s stock after acquiring an additional 82,225 shares during the quarter. Glenmede Trust Co. NA’s holdings in Masco were worth $48,210,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. River Wealth Advisors LLC grew its holdings in Masco by 6.4% during the 4th quarter. River Wealth Advisors LLC now owns 20,309 shares of the construction company’s stock valued at $892,000 after purchasing an additional 1,226 shares during the last quarter. MML Investors Services LLC grew its holdings in Masco by 9.1% during the 4th quarter. MML Investors Services LLC now owns 15,101 shares of the construction company’s stock valued at $664,000 after purchasing an additional 1,255 shares during the last quarter. Boys Arnold & Co. Inc. grew its holdings in Masco by 7.6% during the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock valued at $794,000 after purchasing an additional 1,275 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Masco by 2.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 62,808 shares of the construction company’s stock valued at $2,460,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in Masco by 7.3% during the 4th quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock valued at $881,000 after purchasing an additional 1,364 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.

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In other news, Director J Michael Losh sold 5,592 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total value of $234,975.84. Following the completion of the sale, the director now owns 69,926 shares of the company’s stock, valued at approximately $2,938,290.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lokeren Mary Ann Van sold 5,654 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $42.77, for a total transaction of $241,821.58. The disclosure for this sale can be found here. Insiders sold a total of 104,150 shares of company stock valued at $4,462,062 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

MAS has been the subject of several research reports. Zacks Investment Research raised shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, January 3rd. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Deutsche Bank boosted their price objective on shares of Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Credit Suisse Group reissued a “neutral” rating and issued a $46.00 price objective (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Masco has a consensus rating of “Buy” and an average target price of $44.60.

Shares of Masco Corp (MAS) opened at $41.57 on Friday. Masco Corp has a 52-week low of $32.97 and a 52-week high of $46.44. The firm has a market cap of $13,040.22, a P/E ratio of 25.19, a PEG ratio of 1.05 and a beta of 1.51. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. research analysts expect that Masco Corp will post 2.55 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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