Robeco Institutional Asset Management B.V. Cuts Holdings in Masco Co. (NYSE:MAS)

Robeco Institutional Asset Management B.V. lowered its position in shares of Masco Co. (NYSE:MAS - Free Report) by 29.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,331 shares of the construction company's stock after selling 102,880 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of Masco worth $20,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. Manning & Napier Advisors LLC purchased a new position in shares of Masco during the second quarter worth about $82,363,000. Assenagon Asset Management S.A. raised its position in Masco by 956.3% during the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company's stock valued at $83,070,000 after purchasing an additional 895,950 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company's stock worth $121,581,000 after purchasing an additional 728,690 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company's stock valued at $2,074,591,000 after buying an additional 721,117 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Masco by 55.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,538,952 shares of the construction company's stock valued at $121,391,000 after purchasing an additional 551,203 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction 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 sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Masco Price Performance

Shares of NYSE:MAS traded up $0.08 during trading on Thursday, hitting $80.29. 1,070,237 shares of the company's stock were exchanged, compared to its average volume of 1,805,018. The business's 50-day simple moving average is $81.68 and its 200 day simple moving average is $74.73. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.62 and a beta of 1.24. Masco Co. has a 52-week low of $55.09 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 earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The firm 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%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, equities analysts predict that Masco Co. will post 4.1 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. Masco's dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Evercore ISI increased their price objective on Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Masco from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a research note on Tuesday. BMO Capital Markets increased their price target on shares of Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Masco has an average rating of "Hold" and an average target price of $85.96.

Masco 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.