Chemical Bank lessened its holdings in shares of Masco Corp (NYSE:MAS) by 11.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,622 shares of the construction company’s stock after selling 3,350 shares during the period. Chemical Bank’s holdings in Masco were worth $1,047,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Brasada Capital Management LP purchased a new position in shares of Masco during the 1st quarter worth approximately $236,000. Moors & Cabot Inc. bought a new stake in shares of Masco in the 1st quarter worth approximately $232,000. Teacher Retirement System of Texas boosted its position in shares of Masco by 58.8% in the 1st quarter. Teacher Retirement System of Texas now owns 462,178 shares of the construction company’s stock worth $18,168,000 after purchasing an additional 171,156 shares in the last quarter. SlateStone Wealth LLC bought a new stake in shares of Masco in the 1st quarter worth approximately $348,000. Finally, Toronto Dominion Bank boosted its position in shares of Masco by 11.0% in the 1st quarter. Toronto Dominion Bank now owns 204,017 shares of the construction company’s stock worth $8,018,000 after purchasing an additional 20,136 shares in the last quarter. Institutional investors own 91.10% of the company’s stock.

In other Masco news, VP John P. Lindow sold 37,795 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $39.07, for a total value of $1,476,650.65. Following the completion of the sale, the vice president now owns 60,454 shares in the company, valued at approximately $2,361,937.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John G. Sznewajs sold 165,248 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now 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 in the last quarter. 1.17% of the stock is currently owned by company insiders.

NYSE MAS opened at $37.35 on Thursday. The firm has a market cap of $11.11 billion, a PE ratio of 14.94, a PEG ratio of 1.49 and a beta of 1.43. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 65.98. Masco Corp has a 1-year low of $27.03 and a 1-year high of $41.00.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.03). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Masco had a return on equity of 675.68% and a net margin of 8.40%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. As a group, analysts forecast that Masco Corp will post 2.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, April 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.29%. Masco’s payout ratio is presently 19.20%.

A number of analysts have recently commented on MAS shares. Robert W. Baird set a $41.00 price target on Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group reissued a “hold” rating and issued a $34.00 price target on shares of Masco in a research report on Thursday, February 7th. SunTrust Banks boosted their price target on Masco to $52.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, Royal Bank of Canada set a $39.00 price target on Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.33.

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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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