Masco Co. (NYSE:MAS) Shares Purchased by Equitable Trust Co.

Equitable Trust Co. grew its holdings in shares of Masco Co. (NYSE:MAS) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,953 shares of the construction company’s stock after purchasing an additional 175 shares during the period. Equitable Trust Co.’s holdings in Masco were worth $668,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Masco by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after acquiring an additional 128 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Masco by 3.6% in the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares during the period. American National Bank & Trust increased its stake in Masco by 1.0% in the third quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 142 shares during the last quarter. Hills Bank & Trust Co lifted its position in Masco by 0.7% during the third quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock worth $1,734,000 after buying an additional 144 shares during the period. Finally, BOKF NA boosted its stake in Masco by 2.5% in the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after buying an additional 149 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAS has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. 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. Finally, Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.96.

Insider Buying and Selling at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Masco Trading Up 1.2 %

NYSE MAS opened at $80.95 on Friday. The stock has a market cap of $17.46 billion, a P/E ratio of 21.53, a PEG ratio of 2.60 and a beta of 1.24. The company’s fifty day simple moving average is $81.74 and its 200-day simple moving average is $74.85. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. Masco Co. has a 52 week low of $55.13 and a 52 week 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 firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.43%. Masco’s dividend payout ratio is presently 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.