Pinnacle Bancorp Inc. Lowers Stock Position in Masco Co. (NYSE:MAS)

Pinnacle Bancorp Inc. trimmed its holdings in shares of Masco Co. (NYSE:MAS) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,001 shares of the construction company’s stock after selling 950 shares during the period. Pinnacle Bancorp Inc.’s holdings in Masco were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MAS. Envestnet Asset Management Inc. grew its position in Masco by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 835,316 shares of the construction company’s stock worth $55,691,000 after buying an additional 16,289 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Masco by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock worth $75,834,000 after acquiring an additional 122,705 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Masco by 14.4% in the 2nd quarter. Renaissance Technologies LLC now owns 660,744 shares of the construction company’s stock worth $44,052,000 after acquiring an additional 83,244 shares during the period. Edgestream Partners L.P. acquired a new position in Masco during the second quarter worth $1,509,000. Finally, Axxcess Wealth Management LLC boosted its position in Masco by 9.4% during the second quarter. Axxcess Wealth Management LLC now owns 20,323 shares of the construction company’s stock worth $1,355,000 after purchasing an additional 1,746 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAS has been the subject of several research reports. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Barclays dropped their price objective on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup reduced their target price on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Evercore ISI raised their price target on Masco from $78.00 to $82.00 and gave the stock an “in-line” 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.27.

Masco Stock Up 0.6 %

MAS opened at $77.54 on Friday. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. Masco Co. has a 12 month low of $63.81 and a 12 month 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. The business has a 50-day moving average of $76.90 and a two-hundred day moving average of $77.45.

Masco (NYSE:MAS) last issued its quarterly 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 during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, research analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

About Masco

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.