APG Asset Management N.V. Raises Stake in Masco Co. (NYSE:MAS)

APG Asset Management N.V. boosted its position in Masco Co. (NYSE:MAS - Free Report) by 251.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187,985 shares of the construction company's stock after purchasing an additional 134,514 shares during the quarter. APG Asset Management N.V. owned about 0.09% of Masco worth $13,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in Masco in the 3rd quarter worth approximately $239,000. National Bank of Canada FI lifted its position in Masco by 81.0% during the third quarter. National Bank of Canada FI now owns 112,835 shares of the construction company's stock worth $9,471,000 after buying an additional 50,512 shares in the last quarter. MML Investors Services LLC lifted its position in Masco by 10.8% during the third quarter. MML Investors Services LLC now owns 79,797 shares of the construction company's stock worth $6,698,000 after buying an additional 7,764 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Masco by 13.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 117,625 shares of the construction company's stock worth $9,873,000 after buying an additional 14,131 shares during the last quarter. Finally, Barclays PLC grew its holdings in Masco by 49.2% in the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company's stock valued at $74,192,000 after buying an additional 291,658 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

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Wall Street Analysts Forecast Growth

MAS has been the topic of several recent research reports. UBS Group lowered their price target on shares of Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group cut shares of Masco from a "buy" rating to a "hold" rating and dropped their price target for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Oppenheimer raised shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target on the stock in a research report on Friday, January 10th. Zelman & Associates raised Masco to a "strong-buy" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $74.00 price target on shares of Masco in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Masco has an average rating of "Hold" and a consensus price target of $83.37.

Insiders Place Their Bets

In other Masco news, VP Renee Straber sold 3,139 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. This represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Keith J. Allman sold 21,723 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the sale, the chief executive officer now owns 60,267 shares of the company's stock, valued at $4,601,988.12. This represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Masco Stock Down 0.9 %

Shares of NYSE:MAS traded down $0.57 during trading on Tuesday, hitting $61.84. The company's stock had a trading volume of 1,687,236 shares, compared to its average volume of 1,706,602. Masco Co. has a fifty-two week low of $57.27 and a fifty-two week high of $86.70. The business has a 50 day moving average price of $71.23 and a two-hundred day moving average price of $76.30. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The company has a market capitalization of $13.09 billion, a PE ratio of 16.45, a P/E/G ratio of 1.94 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, research analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a $0.31 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a yield of 2.01%. This is an increase from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is currently 32.98%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.