Masco Co. (NYSE:MAS) Shares Sold by 1ST Source Bank

1ST Source Bank reduced its holdings in shares of Masco Co. (NYSE:MAS) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,881 shares of the construction company’s stock after selling 392 shares during the quarter. 1ST Source Bank’s holdings in Masco were worth $1,081,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. increased its position in Masco by 20.6% during the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after purchasing an additional 56,626 shares during the period. Synovus Financial Corp grew its holdings in Masco by 1.3% during the 3rd quarter. Synovus Financial Corp now owns 28,725 shares of the construction company’s stock valued at $2,411,000 after buying an additional 364 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Masco during the 3rd quarter valued at $206,000. World Investment Advisors LLC purchased a new position in shares of Masco during the 3rd quarter worth $201,000. Finally, Virtu Financial LLC purchased a new position in shares of Masco during the 3rd quarter worth $448,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAS. Loop Capital increased their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Barclays upped their target price on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.96.

Masco Trading Down 0.7 %

Shares of Masco stock traded down $0.52 during trading on Friday, reaching $78.71. 104,340 shares of the company were exchanged, compared to its average volume of 1,764,975. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.57 and a beta of 1.23. The business has a 50-day moving average price of $81.13 and a 200-day moving average price of $76.40. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a twelve month low of $63.60 and a twelve month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.47%. Masco’s dividend payout ratio is 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.