Masco Corp (NYSE:MAS) Shares Sold by Crystal Rock Capital Management

Crystal Rock Capital Management cut its position in Masco Corp (NYSE:MAS) by 20.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,575 shares of the construction company’s stock after selling 26,600 shares during the quarter. Masco accounts for about 2.9% of Crystal Rock Capital Management’s holdings, making the stock its 17th biggest holding. Crystal Rock Capital Management’s holdings in Masco were worth $3,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MAS. ETF Managers Group LLC grew its stake in Masco by 8.2% during the first quarter. ETF Managers Group LLC now owns 3,570 shares of the construction company’s stock worth $140,000 after purchasing an additional 272 shares during the period. Advisor Partners LLC grew its stake in Masco by 3.7% in the first quarter. Advisor Partners LLC now owns 9,070 shares of the construction company’s stock valued at $357,000 after acquiring an additional 323 shares during the period. Great Valley Advisor Group Inc. grew its stake in Masco by 3.8% in the first quarter. Great Valley Advisor Group Inc. now owns 8,892 shares of the construction company’s stock valued at $350,000 after acquiring an additional 329 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in Masco by 59.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock valued at $33,000 after acquiring an additional 418 shares during the period. Finally, Comerica Bank grew its stake in Masco by 0.5% in the first quarter. Comerica Bank now owns 83,283 shares of the construction company’s stock valued at $3,365,000 after acquiring an additional 424 shares during the period. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Shares of Masco stock traded down $0.75 during trading hours on Friday, reaching $38.29. The stock had a trading volume of 3,380,473 shares, compared to its average volume of 3,726,478. Masco Corp has a twelve month low of $27.03 and a twelve month high of $41.00. The company has a debt-to-equity ratio of 65.98, a quick ratio of 0.91 and a current ratio of 1.43. The company has a market cap of $11.20 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.03). Masco had a net margin of 8.40% and a return on equity of 675.68%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company earned $0.45 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Masco Corp will post 2.66 EPS for the current year.

MAS has been the subject of a number of research reports. SunTrust Banks raised their price objective on Masco to $48.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Nomura raised their target price on Masco from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Robert W. Baird set a $50.00 target price on Masco and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Raymond James upgraded Masco from a “market perform” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.29.

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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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