Sky Investment Group LLC Sells 245 Shares of Masco Co. (NYSE:MAS)

Sky Investment Group LLC lessened its holdings in shares of Masco Co. (NYSE:MASFree Report) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,855 shares of the construction company’s stock after selling 245 shares during the period. Sky Investment Group LLC’s holdings in Masco were worth $2,457,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after acquiring an additional 56,626 shares in the last quarter. Seizert Capital Partners LLC increased its holdings in Masco by 21.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock worth $45,364,000 after purchasing an additional 96,415 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Masco by 69.1% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after purchasing an additional 631 shares during the last quarter. Assetmark Inc. raised its stake in shares of Masco by 139.9% in the third quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock worth $106,000 after purchasing an additional 736 shares during the last quarter. Finally, Montecito Bank & Trust lifted its holdings in shares of Masco by 125.4% in the third quarter. Montecito Bank & Trust now owns 11,778 shares of the construction company’s stock valued at $989,000 after purchasing an additional 6,553 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAS. Loop Capital increased their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a report on Friday, January 10th. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 price target (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. BMO Capital Markets upped their price objective on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $86.27.

View Our Latest Analysis on Masco

Masco Trading Up 1.0 %

Shares of MAS opened at $78.29 on Tuesday. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The business has a 50-day moving average of $76.74 and a 200 day moving average of $77.82. The firm has a market cap of $16.89 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MASGet Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.98 billion during 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 revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. As a group, research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. Masco’s dividend payout ratio is currently 30.85%.

Masco Profile

(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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