Masco Co. (NYSE:MAS) Position Decreased by XTX Topco Ltd

XTX Topco Ltd reduced its stake in Masco Co. (NYSE:MAS - Free Report) by 83.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,840 shares of the construction company's stock after selling 13,877 shares during the period. XTX Topco Ltd's holdings in Masco were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Masco by 38.5% during the 2nd quarter. Blue Trust Inc. now owns 738 shares of the construction company's stock valued at $49,000 after buying an additional 205 shares during the last quarter. Raymond James & Associates boosted its stake in Masco by 8.8% during the 2nd quarter. Raymond James & Associates now owns 415,813 shares of the construction company's stock valued at $27,722,000 after acquiring an additional 33,673 shares during the last quarter. Secure Asset Management LLC acquired a new position in Masco during the 2nd quarter worth $360,000. Horizon Bancorp Inc. IN increased its position in shares of Masco by 15.9% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 2,428 shares of the construction company's stock worth $162,000 after purchasing an additional 333 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Masco in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Performance

Shares of NYSE MAS traded down $1.27 during midday trading on Thursday, reaching $72.69. 1,710,918 shares of the company traded hands, compared to its average volume of 1,763,175. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.57 and a beta of 1.23. The stock has a 50-day moving average price of $80.41 and a 200 day moving average price of $76.66. Masco Co. has a 52 week low of $63.60 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 released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts' consensus estimates of $1.08. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. Sell-side analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 8th. Masco's payout ratio is currently 30.85%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Masco from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Barclays upped 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. StockNews.com downgraded shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Jefferies Financial Group cut shares of Masco from a "buy" rating to a "hold" rating and dropped their target price for the stock from $96.00 to $89.00 in a report on Monday. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Masco has a consensus rating of "Hold" and an average price target of $85.88.

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.