Bank of New York Mellon Corp boosted its position in Masco Corp (NYSE:MAS) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,464,982 shares of the construction company’s stock after purchasing an additional 221,871 shares during the period. Bank of New York Mellon Corp owned about 0.84% of Masco worth $72,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MAS. Capital Research Global Investors purchased a new position in Masco in the third quarter valued at approximately $337,123,000. BlackRock Inc. lifted its position in shares of Masco by 16.1% during the fourth quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock worth $752,319,000 after acquiring an additional 3,573,503 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in shares of Masco by 58.1% during the third quarter. Iridian Asset Management LLC CT now owns 4,901,419 shares of the construction company’s stock worth $179,392,000 after acquiring an additional 1,801,055 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Masco during the fourth quarter worth $32,825,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Masco by 2,789.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock worth $35,000 after acquiring an additional 982,170 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Several equities research analysts have issued reports on MAS shares. Robert W. Baird set a $41.00 target price on Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group restated a “hold” rating and set a $34.00 target price on shares of Masco in a research report on Thursday, February 7th. Royal Bank of Canada upgraded Masco from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $37.00 to $38.00 in a research report on Monday, December 3rd. SunTrust Banks increased their target price on Masco to $52.00 and gave the stock a “buy” rating in a research report on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Masco presently has a consensus rating of “Buy” and a consensus price target of $42.90.

Shares of MAS stock opened at $38.91 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.08 and a debt-to-equity ratio of 43.06. Masco Corp has a 52-week low of $27.03 and a 52-week high of $42.27. The firm has a market capitalization of $11.56 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. Masco had a return on equity of 520.34% and a net margin of 8.78%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Masco Corp will post 2.69 EPS for the current year.

In related news, Director Lisa A. Payne sold 9,117 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $39.56, for a total value of $360,668.52. Following the sale, the director now owns 52,038 shares in the company, valued at $2,058,623.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard A. O’reagan sold 12,336 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $39.48, for a total value of $487,025.28. Following the completion of the sale, the insider now owns 54,403 shares in the company, valued at approximately $2,147,830.44. The disclosure for this sale can be found here. Insiders sold 298,940 shares of company stock worth $11,890,269 in the last quarter. 1.20% of the stock is currently owned by company insiders.

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Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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