Amalgamated Bank decreased its holdings in Masco Co. (NYSE:MAS - Free Report) by 24.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,722 shares of the construction company's stock after selling 14,227 shares during the period. Amalgamated Bank's holdings in Masco were worth $3,754,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Masco during the 1st quarter valued at about $25,000. Innealta Capital LLC purchased a new position in shares of Masco in the second quarter worth about $25,000. Family Firm Inc. acquired a new stake in shares of Masco during the second quarter worth about $30,000. Massmutual Trust Co. FSB ADV boosted its position in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock valued at $38,000 after buying an additional 179 shares during the last quarter. Finally, LRI Investments LLC increased its holdings in Masco by 850.8% in the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company's stock worth $40,000 after buying an additional 536 shares during the period. 93.91% of the stock is currently owned by institutional investors.
Insider Activity
In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company's stock, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.
Masco Price Performance
NYSE MAS traded up $1.00 during trading hours on Friday, hitting $80.95. 1,476,168 shares of the company's stock traded hands, compared to its average volume of 1,575,066. The company has a market capitalization of $17.46 billion, a PE ratio of 21.53, a PEG ratio of 2.60 and a beta of 1.24. The firm's 50-day moving average is $81.74 and its 200-day moving average is $74.83. Masco Co. has a 52-week low of $55.13 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.
Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts' consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. Equities analysts forecast that Masco Co. will post 4.1 EPS for the current fiscal year.
Masco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, November 8th. Masco's dividend payout ratio (DPR) is presently 30.85%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MAS. Royal Bank of Canada lowered shares of Masco from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Loop Capital boosted their price objective on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Evercore ISI raised their target price on Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Barclays lifted their price target on Masco from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Masco from a "hold" rating to a "buy" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.96.
Read Our Latest Analysis on Masco
Masco Company Profile
(
Free Report)
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.
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