Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Masco Co. (NYSE:MAS - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 489,955 shares of the construction company's stock after selling 3,490 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Masco worth $35,556,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in Masco during the 4th quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Masco during the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC acquired a new position in Masco during the 3rd quarter worth about $43,000. Venturi Wealth Management LLC lifted its holdings in Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock worth $50,000 after buying an additional 222 shares during the period. Finally, Covestor Ltd lifted its holdings in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company's stock worth $57,000 after buying an additional 312 shares during the period. Institutional investors own 93.91% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on MAS shares. StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their price objective on Masco from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $74.00 price objective on shares of Masco in a research note on Wednesday. Finally, UBS Group dropped their price objective on Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Masco currently has an average rating of "Moderate Buy" and an average target price of $86.32.
Get Our Latest Stock Analysis on Masco
Masco Trading Up 1.0 %
NYSE:MAS traded up $0.80 during mid-day trading on Friday, reaching $78.42. 1,292,936 shares of the company's stock traded hands, compared to its average volume of 1,376,449. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.09 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The company has a 50 day moving average price of $76.42 and a 200-day moving average price of $78.70.
Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 615.54% and a net margin of 10.54%. During the same quarter in the previous year, the business posted $0.83 EPS. On average, sell-side analysts predict that Masco Co. will post 4.09 earnings per share for the current year.
Masco Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 21st will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 1.58%. Masco's dividend payout ratio is 30.85%.
About Masco
(
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.
Featured Stories
Before you consider Masco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Masco wasn't on the list.
While Masco currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
