MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a brand new stake in Masco Co. (NYSE:MAS – Get Rating) within the first quarter, in keeping with its most up-to-date submitting with the Securities & Change Fee. The agency bought 54,995 shares of the development firm’s inventory, valued at roughly $2,840,000.
Plenty of different hedge funds and different institutional traders have additionally modified their holdings of MAS. Toronto Dominion Financial institution raised its place in shares of Masco by 34.9% within the 4th quarter. Toronto Dominion Financial institution now owns 143,516 shares of the development firm’s inventory valued at $10,077,000 after buying an extra 37,122 shares over the past quarter. Canada Pension Plan Funding Board elevated its stake in Masco by 59.5% in the course of the 4th quarter. Canada Pension Plan Funding Board now owns 104,341 shares of the development firm’s inventory valued at $7,326,000 after buying an extra 38,925 shares within the final quarter. FCF Advisors LLC raised its holdings in shares of Masco by 25.3% within the fourth quarter. FCF Advisors LLC now owns 23,686 shares of the development firm’s inventory value $1,663,000 after shopping for an extra 4,786 shares over the past quarter. Calamos Advisors LLC lifted its stake in shares of Masco by 4.0% in the course of the fourth quarter. Calamos Advisors LLC now owns 181,868 shares of the development firm’s inventory value $12,771,000 after shopping for an extra 7,039 shares in the course of the interval. Lastly, Carnegie Capital Asset Administration LLC grew its holdings in shares of Masco by 20.7% in the course of the fourth quarter. Carnegie Capital Asset Administration LLC now owns 112,084 shares of the development firm’s inventory valued at $7,871,000 after shopping for an extra 19,201 shares over the past quarter. 93.76% of the inventory is owned by institutional traders and hedge funds.
Plenty of brokerages have commented on MAS. Robert W. Baird lifted their worth goal on Masco from $68.00 to $72.00 in a analysis report on Thursday, April twenty eighth. Barclays decreased their goal worth on Masco from $75.00 to $68.00 in a report on Thursday, March thirty first. Loop Capital reduce their worth goal on shares of Masco from $65.00 to $56.00 and set a “maintain” score on the inventory in a report on Wednesday, April sixth. Wells Fargo & Firm decreased their worth goal on shares of Masco from $70.00 to $60.00 and set an “chubby” score for the corporate in a analysis notice on Thursday, April twenty first. Lastly, The Goldman Sachs Group reduce their worth goal on shares of Masco from $75.00 to $64.00 and set a “purchase” score on the inventory in a analysis notice on Tuesday, April twelfth. Two analysts have rated the inventory with a promote score, three have assigned a maintain score and eight have issued a purchase score to the inventory. Based mostly on information from MarketBeat.com, the inventory at the moment has a mean score of “Maintain” and a mean worth goal of $65.33.
In associated information, Director Charles Okay. Stevens III bought 7,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, June eighth. The inventory was bought at a mean worth of $56.38, for a complete transaction of $394,660.00. Following the completion of the sale, the director now immediately owns 10,160 shares within the firm, valued at $572,820.80. The sale was disclosed in a doc filed with the Securities & Change Fee, which might be accessed by the SEC website. Additionally, CEO Keith J. Allman bought 10,000 shares of the inventory in a transaction on Thursday, April 14th. The shares have been bought at a mean worth of $49.88, for a complete worth of $498,800.00. Following the completion of the transaction, the chief government officer now immediately owns 298,295 shares of the corporate’s inventory, valued at $14,878,954.60. The disclosure for this sale might be discovered here. 1.20% of the inventory is at the moment owned by firm insiders.
Shares of Masco stock opened at $47.33 on Thursday. The agency has a 50-day easy shifting common of $53.44 and a two-hundred day easy shifting common of $58.08. The corporate has a debt-to-equity ratio of 52.66, a fast ratio of 0.98 and a present ratio of 1.60. Masco Co. has a fifty-two week low of $46.27 and a fifty-two week excessive of $71.06. The corporate has a market cap of $11.17 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23.
Masco (NYSE:MAS – Get Rating) final launched its quarterly earnings outcomes on Wednesday, April twenty seventh. The development firm reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. Masco had a return on fairness of three,870.83% and a web margin of 6.38%. The corporate had income of $2.20 billion in the course of the quarter, in comparison with analysts’ expectations of $2.06 billion. Throughout the identical quarter within the prior 12 months, the agency posted $0.89 EPS. Masco’s quarterly income was up 11.7% in comparison with the identical quarter final 12 months. Equities analysis analysts forecast that Masco Co. will submit 4.25 EPS for the present 12 months.
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Monday, June thirteenth. Traders of document on Friday, Could twenty seventh have been paid a $0.28 dividend. The ex-dividend date was Thursday, Could twenty sixth. This represents a $1.12 dividend on an annualized foundation and a yield of two.37%. Masco’s dividend payout ratio is at the moment 49.34%.
Masco Profile (Get Rating)
Masco Company designs, manufactures, and distributes residence enchancment and constructing merchandise in North America, Europe, and internationally. The corporate’s Plumbing Merchandise section affords taps, showerheads, handheld showers, valves, bathtub {hardware} and equipment, bathing models, bathe bases and enclosures, sinks, bogs, acrylic tubs, bathe trays, spas, train swimming pools, and health techniques; brass, copper, and composite plumbing system parts; related water merchandise; thermoplastic options, extruded plastic profiles, specialised fabrications, and PEX tubing merchandise; and different non-decorative plumbing merchandise.
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