Cornercap Investment Counsel Inc. Has $1.70 Million Holdings in Masco Co. (NYSE:MAS)

Cornercap Investment Counsel Inc. trimmed its position in shares of Masco Co. (NYSE:MAS - Free Report) by 45.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,246 shares of the construction company's stock after selling 17,131 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Masco were worth $1,699,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Masco by 14.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company's stock worth $42,245,000 after buying an additional 67,806 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Masco in the second quarter valued at approximately $82,363,000. Vanguard Group Inc. increased its stake in shares of Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company's stock worth $2,074,591,000 after purchasing an additional 721,117 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Masco by 28.3% during the 2nd quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company's stock worth $31,195,000 after purchasing an additional 103,310 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Masco by 12.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 210,512 shares of the construction company's stock valued at $16,600,000 after buying an additional 22,540 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction dated 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 sale, the vice president now owns 36,980 shares of the company's stock, valued at $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Masco Stock Down 1.0 %

Masco stock traded down $0.77 during trading hours on Friday, hitting $78.42. The company had a trading volume of 1,180,160 shares, compared to its average volume of 1,800,366. The firm's fifty day moving average is $81.84 and its 200-day moving average is $75.08. The firm has a market capitalization of $16.92 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24. Masco Co. has a fifty-two week low of $58.89 and a fifty-two 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 released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Masco's dividend payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada cut Masco from an "outperform" rating to a "sector perform" rating and boosted their price target for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. UBS Group raised their price target 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. Loop Capital boosted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on shares of Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a report 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's stock. Based on data from MarketBeat, Masco presently has a consensus rating of "Hold" and an average price target 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.