Northwestern Mutual Investment Management Company LLC decreases Masco Co. stock position (NYSE: MAS)


Northwestern Mutual Investment Management Company LLC reduced its stake in Masco Co. (NYSE: MAS – Get Rating) by 13.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund held 9,545 shares of the construction company after selling 1,436 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Masco were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in MAS. Qube Research & Technologies Ltd increased its stake in Masco by 21.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 197,827 shares of the construction company valued at $13,891,000 after buying 35,171 additional shares in the last quarter. Pacer Advisors Inc. increased its stake in Masco shares by 61.8% in the fourth quarter. Pacer Advisors Inc. now owns 23,075 shares of the construction company worth $1,620,000 after buying 8,814 additional shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Masco shares by 2.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,911 shares of the construction company worth $1,047,000 after buying 332 additional shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Masco shares by 21.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 28,947 shares of the construction company worth $2,033,000 after buying an additional 5,122 shares in the last quarter. Finally, Atria Investments LLC increased its stake in Masco shares by 1.1% in the fourth quarter. Atria Investments LLC now owns 43,732 shares of the construction company worth $3,071,000 after purchasing an additional 496 shares in the last quarter. 93.76% of the shares are currently held by hedge funds and other institutional investors.

Masco stocks up to 1.5%

NYSE MAS shares opened at $55.58 on Monday. Masco Co. has a 1-year minimum of $46.27 and a 1-year maximum of $71.06. The company has a market capitalization of $12.53 billion, a price/earnings ratio of 15.44, a PEG ratio of 1.15 and a beta of 1.22. The company has a debt ratio of 52.66, a quick ratio of 0.81 and a current ratio of 1.36. The stock’s 50-day simple moving average is $52.84 and its 200-day simple moving average is $54.24.

Masco (NYSE:MAS – Get Rating) last announced its results on Thursday, July 28. The construction company reported earnings per share (EPS) of $1.14 for the quarter, missing analyst consensus estimates of $1.19 per ($0.05). The company posted revenue of $2.35 billion for the quarter, versus $2.36 billion expected by analysts. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The company’s revenue increased by 7.9% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.14. As a group, stock analysts expect Masco Co. to post earnings per share of 4.17 for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 29. Investors of record on Friday August 12 will receive a dividend of $0.28. The ex-dividend date is Thursday, August 11. This represents a dividend of $1.12 on an annualized basis and a yield of 2.02%. Masco’s dividend payout ratio (DPR) is 31.11%.

Changes to analyst ratings

Several analysts have commented on MAS shares. Wells Fargo & Company raised its price target on Masco from $60.00 to $62.00 and gave the company an “overweight” rating in a Monday, Aug. 1, report. Barclays cut its price target on Masco from $68.00 to $66.00 and set an “overweight” rating on the stock in a Thursday, July 14 report. Robert W. Baird raised his price target on Masco from $68.00 to $72.00 in a Thursday, April 28 research report. StockNews.com upgraded Masco from a “buy” rating to a “hold” rating in a Friday, August 5 research report. Finally, JPMorgan Chase & Co. reduced its price target on Masco from $58.00 to $54.00 in a Friday, July 15 research note. Two equity research analysts gave the stock a sell rating, three gave the company a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.15.

Insider buying and selling

In related news, CEO Keith J. Allman sold 10,000 Masco shares in a trade dated Thursday, July 14. The stock was sold at an average price of $52.02, for a total value of $520,200.00. Following completion of the transaction, the CEO now directly owns 288,295 shares of the company, valued at $14,997,105.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. In other Masco news, Director Charles K. Stevens III sold 7,000 Masco shares in a trade that took place on Wednesday, June 8. The stock was sold at an average price of $56.38, for a total value of $394,660.00. Following completion of the transaction, the administrator now directly owns 10,160 shares of the company, valued at $572,820.80. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CEO Keith J. Allman sold 10,000 Masco shares in a trade that took place on Thursday, July 14. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following completion of the transaction, the CEO now owns 288,295 shares of the company, valued at $14,997,105.90. The disclosure of this sale can be found here. Insiders own 1.20% of the shares of the company.

Masco profile

(Get an evaluation)

Masco Corporation designs, manufactures and distributes renovation and construction products in North America, Europe and internationally. The Company’s Plumbing Products segment offers faucets, shower heads, hand showers, valves, bath hardware and accessories, bath units, shower bases and enclosures, sinks, toilets, acrylic bathtubs, shower trays, spas, exercise pools and fitness systems; brass, copper and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialty fabrications and PEX piping products; and other non-decorative plumbing products.

See also

Want to see which other hedge funds hold MAS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Masco Co. (NYSE:MAS – Get Rating).

Institutional ownership by quarter for Masco (NYSE:MAS)



Get news and reviews for Masco Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Masco and related companies with MarketBeat.com’s free daily email newsletter.