Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $2.83 Million Stock Position in Masco Corp (NYSE:MAS)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Masco Corp (NYSE:MAS) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 59,152 shares of the construction company’s stock after purchasing an additional 8,307 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Masco were worth $2,833,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAS. First Trust Advisors LP bought a new position in Masco in the 1st quarter worth about $1,280,000. Pacer Advisors Inc. lifted its stake in shares of Masco by 10.5% in the 3rd quarter. Pacer Advisors Inc. now owns 31,763 shares of the construction company’s stock worth $1,324,000 after acquiring an additional 3,006 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of Masco by 12.5% in the 3rd quarter. Wealthfront Advisers LLC now owns 7,813 shares of the construction company’s stock worth $326,000 after acquiring an additional 867 shares during the period. DNB Asset Management AS lifted its stake in shares of Masco by 12.4% in the 3rd quarter. DNB Asset Management AS now owns 68,791 shares of the construction company’s stock worth $2,867,000 after acquiring an additional 7,605 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Masco by 11.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,800 shares of the construction company’s stock worth $450,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 91.34% of the company’s stock.

MAS stock opened at $45.61 on Friday. Masco Corp has a 12 month low of $34.79 and a 12 month high of $50.06. The firm has a market cap of $12.91 billion, a PE ratio of 18.30, a P/E/G ratio of 1.87 and a beta of 1.44. The firm has a 50 day simple moving average of $48.19 and a 200 day simple moving average of $44.53. The company has a debt-to-equity ratio of 120.48, a current ratio of 1.75 and a quick ratio of 0.98.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Masco had a net margin of 12.03% and a return on equity of 3,655.00%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Masco Corp will post 2.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 10th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, January 9th. Masco’s dividend payout ratio is presently 24.00%.

A number of brokerages have recently weighed in on MAS. Goldman Sachs Group began coverage on shares of Masco in a research note on Friday, December 6th. They issued a “buy” rating and a $55.00 price target for the company. Zelman & Associates lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Loop Capital began coverage on shares of Masco in a research note on Thursday, January 23rd. They issued a “hold” rating and a $49.00 price target for the company. Argus reaffirmed a “reduce” rating and issued a $54.00 price target on shares of Masco in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $51.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.19.

In related news, Director Richard A. Manoogian sold 123,138 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $45.83, for a total value of $5,643,414.54. Following the completion of the sale, the director now owns 506,513 shares in the company, valued at approximately $23,213,490.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph B. Gross sold 25,328 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $46.85, for a total transaction of $1,186,616.80. Following the completion of the sale, the insider now owns 61,742 shares of the company’s stock, valued at approximately $2,892,612.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 353,714 shares of company stock valued at $16,632,204. Company insiders own 1.17% of the company’s stock.

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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