Masco Co. (NYSE:MAS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Masco Co. (NYSE:MAS - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 384,539 shares of the construction company's stock after selling 4,724 shares during the period. Rhumbline Advisers owned 0.18% of Masco worth $27,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of Masco during the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in Masco during the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in Masco during the third quarter worth approximately $38,000. Ashton Thomas Securities LLC purchased a new position in Masco during the third quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC raised its stake in 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 purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Masco from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $74.00 price target on shares of Masco in a research note on Wednesday, February 12th. Oppenheimer raised shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target on the stock in a research note on Friday, January 10th. Zelman & Associates raised shares of Masco to a "strong-buy" rating in a research note on Friday, January 17th. Finally, Jefferies Financial Group downgraded shares of Masco from a "buy" rating to a "hold" rating and cut their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.32.

Masco Stock Down 1.5 %

MAS traded down $1.12 during trading hours on Friday, reaching $74.85. 426,552 shares of the stock traded hands, compared to its average volume of 1,427,300. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.95 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The firm's fifty day simple moving average is $76.21 and its two-hundred day simple moving average is $78.71.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same quarter last year, the company posted $0.83 earnings per share. As a group, analysts forecast that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.31 per share. This is a positive change from Masco's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, February 21st. Masco's dividend payout ratio (DPR) is currently 30.85%.

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.