Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Masco Co. (NYSE:MAS)

Robeco Institutional Asset Management B.V. lowered its holdings in Masco Co. (NYSE:MAS – Get Rating) by 64.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,368 shares of the construction company’s stock after selling 407,560 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of Masco worth $10,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MAS. United Bank boosted its position in Masco by 23.7% in the first quarter. United Bank now owns 12,644 shares of the construction company’s stock worth $645,000 after purchasing an additional 2,425 shares during the last quarter. MetLife Investment Management LLC boosted its position in Masco by 21.0% in the first quarter. MetLife Investment Management LLC now owns 65,264 shares of the construction company’s stock worth $3,328,000 after purchasing an additional 11,337 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Masco by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,103 shares of the construction company’s stock worth $1,637,000 after purchasing an additional 1,466 shares during the last quarter. LSV Asset Management purchased a new position in Masco in the first quarter worth $495,000. Finally, Allianz Asset Management GmbH boosted its position in Masco by 200.0% in the first quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock worth $23,345,000 after purchasing an additional 305,138 shares during the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of several research reports. Credit Suisse Group boosted their target price on Masco from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, February 10th. KeyCorp lowered their target price on Masco from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, February 10th. The Goldman Sachs Group lowered their target price on Masco to $57.00 in a research note on Monday, November 21st. StockNews.com initiated coverage on Masco in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Barclays boosted their target price on Masco from $58.00 to $61.00 in a research note on Wednesday, December 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.64.

Insider Transactions at Masco

In other news, CFO John G. Sznewajs sold 55,170 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $56.19, for a total value of $3,100,002.30. Following the completion of the transaction, the chief financial officer now directly owns 194,044 shares in the company, valued at approximately $10,903,332.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO John G. Sznewajs sold 55,170 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $56.19, for a total value of $3,100,002.30. Following the completion of the transaction, the chief financial officer now directly owns 194,044 shares in the company, valued at approximately $10,903,332.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Keith J. Allman sold 56,853 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $56.26, for a total value of $3,198,549.78. Following the sale, the chief executive officer now owns 258,085 shares of the company’s stock, valued at $14,519,862.10. The disclosure for this sale can be found here. In the last three months, insiders sold 326,404 shares of company stock worth $17,951,341. 1.20% of the stock is currently owned by corporate insiders.

Masco Stock Down 2.2 %

Shares of NYSE MAS opened at $49.32 on Friday. The firm has a market capitalization of $11.11 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.11 and a beta of 1.19. The stock’s 50-day simple moving average is $52.38 and its two-hundred day simple moving average is $49.80. Masco Co. has a twelve month low of $42.33 and a twelve month high of $58.18.

Masco (NYSE:MAS – Get Rating) last announced its earnings results on Thursday, February 9th. The construction company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.93 billion. Masco had a negative return on equity of 250.36% and a net margin of 9.72%. Masco’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. As a group, research analysts anticipate that Masco Co. will post 3.29 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Thursday, February 23rd were issued a $0.285 dividend. This is a boost from Masco’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Wednesday, February 22nd. Masco’s dividend payout ratio is presently 31.32%.

Masco Company Profile

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Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets.