Oppenheimer & Co. Inc. Sells 11,653 Shares of Masco Corp (MAS)

Oppenheimer & Co. Inc. lowered its position in Masco Corp (NYSE:MAS) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 57,803 shares of the construction company’s stock after selling 11,653 shares during the period. Oppenheimer & Co. Inc.’s holdings in Masco were worth $2,255,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new position in shares of Masco during the 2nd quarter valued at about $101,000. YorkBridge Wealth Partners LLC boosted its holdings in shares of Masco by 4.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after purchasing an additional 127 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Masco by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Masco during the 2nd quarter valued at about $166,000. Finally, Kings Point Capital Management raised its position in shares of Masco by 50.0% during the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock valued at $172,000 after buying an additional 1,500 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on MAS. Barclays PLC set a $45.00 target price on shares of Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. FBR & Co restated a “buy” rating and set a $46.00 target price (up from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Nomura set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their price objective on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $42.88.

In other Masco news, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the completion of the sale, the director now directly owns 47,909 shares in the company, valued at $1,861,264.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the sale, the vice president now owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,990 shares of company stock worth $3,600,733. Insiders own 1.30% of the company’s stock.

Shares of Masco Corp (MAS) traded down $0.36 during trading hours on Monday, hitting $39.58. 981,800 shares of the stock were exchanged, compared to its average volume of 2,618,322. The stock has a market capitalization of $12,450.48, a price-to-earnings ratio of 21.51, a PEG ratio of 1.23 and a beta of 1.56. Masco Corp has a fifty-two week low of $30.08 and a fifty-two week high of $41.10. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. sell-side analysts expect that Masco Corp will post 1.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, October 12th. This is an increase from Masco’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.06%. Masco’s dividend payout ratio (DPR) is currently 25.00%.

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About Masco

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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