Fmr LLC Has $39.10 Million Stock Holdings in Masco Co. (NYSE:MAS)

FMR LLC raised its holdings in Masco Co. (NYSE:MAS - Free Report) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 465,848 shares of the construction company's stock after purchasing an additional 40,731 shares during the quarter. FMR LLC owned about 0.22% of Masco worth $39,103,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in Masco in the second quarter valued at $25,000. Family Firm Inc. acquired a new position in Masco in the second quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in Masco in the third quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new position in Masco in the third quarter valued at $43,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock worth $50,000 after acquiring an additional 222 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Up 0.3 %

Shares of MAS traded up $0.24 during midday trading on Monday, hitting $81.25. The stock had a trading volume of 1,799,719 shares, compared to its average volume of 1,777,795. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. The business has a 50-day simple moving average of $81.43 and a two-hundred day simple moving average of $76.20. The firm has a market cap of $17.53 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, November 8th. Masco's dividend payout ratio is currently 30.85%.

Analyst Ratings Changes

A number of research firms recently commented on MAS. Robert W. Baird decreased their price objective on shares of Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Loop Capital upped their price target on shares of Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Evercore ISI increased their price objective on shares of Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $85.96.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Masco Company Profile

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.