Raymond James & Associates reduced its position in shares of Masco Corp (NYSE:MAS) by 48.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 230,876 shares of the construction company’s stock after selling 221,138 shares during the quarter. Raymond James & Associates’ holdings in Masco were worth $6,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Masco by 2,789.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock valued at $35,000 after acquiring an additional 982,170 shares during the last quarter. Private Capital Group LLC increased its stake in shares of Masco by 333.3% in the 4th quarter. Private Capital Group LLC now owns 1,794 shares of the construction company’s stock valued at $52,000 after acquiring an additional 1,380 shares during the last quarter. Clean Yield Group bought a new stake in shares of Masco in the 4th quarter valued at about $58,000. Essex Savings Bank bought a new stake in shares of Masco in the 4th quarter valued at about $58,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of Masco in the 4th quarter valued at about $66,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

In other Masco news, VP John P. Lindow sold 37,795 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the transaction, the vice president now owns 60,454 shares of the company’s stock, valued at approximately $2,361,937.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John G. Sznewajs sold 165,248 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $39.92, for a total value of $6,596,700.16. Following the transaction, the chief financial officer now directly owns 398,178 shares of the company’s stock, valued at approximately $15,895,265.76. The disclosure for this sale can be found here. Insiders sold a total of 298,940 shares of company stock valued at $11,890,269 over the last quarter. 1.20% of the stock is owned by insiders.

Shares of MAS opened at $38.91 on Friday. The company has a debt-to-equity ratio of 43.06, a current ratio of 1.64 and a quick ratio of 1.08. Masco Corp has a 52-week low of $27.03 and a 52-week high of $42.27. The company 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, beating the Thomson Reuters’ 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 business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $0.44 EPS. Masco’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Masco Corp will post 2.69 EPS for the current year.

A number of brokerages have recently commented on MAS. SunTrust Banks upped their price target on Masco to $52.00 and gave the company a “buy” rating in a research note on Thursday. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and issued a $39.00 price target on shares of Masco in a research note on Sunday, February 10th. Royal Bank of Canada set a $37.00 price target on Masco and gave the company a “hold” rating in a research note on Monday, November 19th. Credit Suisse Group reaffirmed a “hold” rating and issued a $34.00 price target on shares of Masco in a research note on Thursday, February 7th. Finally, Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Masco has an average rating of “Buy” and an average target price of $42.90.

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About Masco

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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