Enterprise Bank & Trust Co Has $1.33 Million Holdings in Masco Co. (NYSE:MAS)

Enterprise Bank & Trust Co increased its position in shares of Masco Co. (NYSE:MASFree Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,868 shares of the construction company’s stock after acquiring an additional 2,299 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Masco were worth $1,331,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DecisionPoint Financial LLC acquired a new stake in shares of Masco during the second quarter valued at approximately $29,000. VisionPoint Advisory Group LLC purchased a new position in Masco during the second quarter valued at approximately $35,000. Center for Financial Planning Inc. grew its position in Masco by 270.6% during the third quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in Masco during the third quarter valued at approximately $64,000. Finally, Exchange Traded Concepts LLC bought a new stake in Masco in the third quarter worth approximately $66,000. Institutional investors and hedge funds own 91.67% of the company’s stock.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jai Shah sold 42,552 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now directly owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Insiders have sold 83,762 shares of company stock worth $6,337,597 over the last ninety days. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Masco from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Barclays upped their target price on shares of Masco from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Citigroup started coverage on shares of Masco in a research note on Friday, February 2nd. They set a “neutral” rating and a $70.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Masco from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.92.

Check Out Our Latest Research Report on MAS

Masco Stock Up 0.3 %

Shares of NYSE:MAS traded up $0.24 during midday trading on Friday, hitting $74.16. The stock had a trading volume of 8,228,776 shares, compared to its average volume of 2,113,707. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. The business’s 50-day simple moving average is $71.69 and its 200-day simple moving average is $62.80. Masco Co. has a 12 month low of $46.69 and a 12 month high of $78.29. The company has a market cap of $16.30 billion, a P/E ratio of 18.49, a PEG ratio of 2.11 and a beta of 1.25.

Masco (NYSE:MASGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. Masco’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, sell-side analysts forecast that Masco Co. will post 4.12 earnings per share for the current fiscal year.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 1.56%. Masco’s dividend payout ratio is presently 28.93%.

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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