Nomura Asset Management Co. Ltd. Has $1.55 Million Holdings in Masco Corp (MAS)

Nomura Asset Management Co. Ltd. boosted its stake in Masco Corp (NYSE:MAS) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,874 shares of the construction company’s stock after purchasing an additional 3,965 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Masco were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in Masco by 16.1% in the 4th quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock worth $752,319,000 after purchasing an additional 3,573,503 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Masco by 16.1% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 107,009 shares of the construction company’s stock valued at $3,129,000 after acquiring an additional 14,800 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Masco by 4.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 175,664 shares of the construction company’s stock valued at $6,430,000 after acquiring an additional 7,780 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Masco by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,016,292 shares of the construction company’s stock valued at $37,196,000 after acquiring an additional 13,231 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Masco during the 3rd quarter valued at about $343,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Shares of NYSE MAS opened at $38.98 on Friday. The stock has a market cap of $11.48 billion, a P/E ratio of 15.59, a PEG ratio of 1.41 and a beta of 1.46. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64. Masco Corp has a 1-year low of $27.03 and a 1-year high of $42.27.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 7th. The construction company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Masco had a return on equity of 520.34% and a net margin of 8.78%. Masco’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. As a group, equities analysts expect that Masco Corp will post 2.69 earnings per share for the current year.

A number of brokerages have recently issued reports on MAS. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Nomura set a $37.00 price target on Masco and gave the company a “buy” rating in a research report on Monday, December 17th. Royal Bank of Canada upgraded Masco from a “sector perform” rating to an “outperform” rating and set a $31.69 price target for the company in a research report on Sunday, December 9th. Bank of America upgraded Masco from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Friday, January 4th. Finally, Credit Suisse Group set a $34.00 price target on Masco and gave the company a “hold” rating in a research report on Friday, January 11th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $42.90.

In related news, insider Keith J. Allman sold 51,283 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $39.82, for a total transaction of $2,042,089.06. Following the transaction, the insider now directly owns 426,072 shares of the company’s stock, valued at approximately $16,966,187.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John G. Sznewajs sold 165,248 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $39.92, for a total value of $6,596,700.16. Following the transaction, the chief financial officer now directly owns 398,178 shares in the company, valued at $15,895,265.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,940 shares of company stock worth $11,890,269. 1.20% of the stock is currently owned by insiders.

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About Masco

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

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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