Masco Co. (NYSE:MAS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 27.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,951 shares of the construction company's stock after selling 14,630 shares during the period. State of Alaska Department of Revenue's holdings in Masco were worth $3,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAS. New Covenant Trust Company N.A. purchased a new position in shares of Masco in the first quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in Masco in the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new position in Masco in the 2nd quarter valued at $30,000. Larson Financial Group LLC boosted its stake in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Masco in the first quarter valued at about $44,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Masco

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 stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Masco Stock Down 0.5 %

NYSE MAS traded down $0.44 on Thursday, hitting $79.91. 1,441,595 shares of the stock were exchanged, compared to its average volume of 1,816,227. Masco Co. has a fifty-two week low of $51.72 and a fifty-two week high of $86.70. The company has a 50-day moving average price of $81.56 and a 200-day moving average price of $74.45. The company has a market cap of $17.60 billion, a PE ratio of 19.59, a PEG ratio of 2.78 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share. Sell-side analysts anticipate that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.45%. Masco's dividend payout ratio is presently 28.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAS. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research report on Wednesday. Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a report on Wednesday. Jefferies Financial Group boosted their price target on shares of Masco from $89.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised 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. Finally, Evercore ISI lifted their target price on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $84.85.

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.