Masco Co. (NYSE:MAS) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 43.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,631 shares of the construction company's stock after acquiring an additional 11,637 shares during the quarter. Captrust Financial Advisors' holdings in Masco were worth $3,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. Innealta Capital LLC purchased a new stake in shares of Masco in the second quarter valued at about $25,000. Family Firm Inc. bought a new stake in Masco during the second quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV lifted its position in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock valued at $38,000 after purchasing an additional 179 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Masco during the third quarter worth approximately $38,000. Finally, LRI Investments LLC increased its stake in shares of Masco by 850.8% in the second 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 owned by institutional investors.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Masco Trading Up 0.2 %

MAS traded up $0.20 during trading on Thursday, reaching $80.56. The company had a trading volume of 434,029 shares, compared to its average volume of 1,776,116. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The business has a 50 day simple moving average of $81.53 and a 200-day simple moving average of $76.00. Masco Co. has a 52 week low of $62.78 and a 52 week high of $86.70. The stock has a market cap of $17.38 billion, a P/E ratio of 21.38, a PEG ratio of 2.62 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, November 8th. Masco's dividend payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAS. StockNews.com downgraded shares of Masco from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Barclays lifted their target price on shares of Masco from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Loop Capital lifted their target price on shares of Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their target price on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Finally, UBS Group lifted their target price on shares of Masco from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $85.96.

About Masco

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.