Comerica Bank Sells 4,303 Shares of Masco (MAS)

Comerica Bank trimmed its position in shares of Masco (NYSE:MAS) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,730 shares of the construction company’s stock after selling 4,303 shares during the period. Comerica Bank’s holdings in Masco were worth $3,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services purchased a new stake in shares of Masco during the 4th quarter worth approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of Masco during the 4th quarter worth approximately $114,000. Avestar Capital LLC purchased a new stake in shares of Masco during the 4th quarter worth approximately $135,000. Dupont Capital Management Corp raised its holdings in shares of Masco by 61.3% during the 1st quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock worth $158,000 after acquiring an additional 1,486 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,772 shares in the last quarter. 90.91% of the stock is currently owned by institutional investors and hedge funds.

In other Masco news, Director Richard A. Manoogian sold 82,701 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total value of $3,547,045.89. Following the transaction, the director now owns 692,102 shares of the company’s stock, valued at approximately $29,684,254.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa A. Payne sold 5,577 shares of the stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total value of $233,397.45. Following the transaction, the director now directly owns 56,766 shares in the company, valued at approximately $2,375,657.10. The disclosure for this sale can be found here. Insiders sold a total of 109,727 shares of company stock worth $4,695,460 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Shares of Masco stock opened at $37.50 on Friday. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The company has a debt-to-equity ratio of 16.23, a quick ratio of 1.10 and a current ratio of 1.69. Masco has a 52 week low of $37.27 and a 52 week high of $37.79.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, April 24th. The construction company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.86 billion. Masco had a net margin of 6.96% and a return on equity of 512.88%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. equities analysts expect that Masco will post 2.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, April 13th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, April 12th. Masco’s dividend payout ratio (DPR) is presently 21.65%.

Several analysts have recently issued reports on the company. Credit Suisse Group set a $46.00 price objective on Masco and gave the stock a “hold” rating in a report on Tuesday, April 24th. Deutsche Bank upgraded Masco from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, March 22nd. Wells Fargo upgraded Masco from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday. Royal Bank of Canada set a $43.00 price target on Masco and gave the company a “buy” rating in a report on Wednesday, April 25th. Finally, Gabelli upgraded Masco from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, April 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.54.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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