Sanibel Captiva Trust Company Inc. Grows Holdings in Masco Co. (NYSE:MAS)

Sanibel Captiva Trust Company Inc. raised its position in Masco Co. (NYSE:MAS) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,261 shares of the construction company’s stock after buying an additional 604 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Masco were worth $527,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Masco during the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco during the third quarter worth approximately $38,000. Ashton Thomas Securities LLC bought a new stake in shares of Masco in the third quarter worth $43,000. Venturi Wealth Management LLC raised its holdings in Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after acquiring an additional 222 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after acquiring an additional 312 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

MAS stock opened at $78.29 on Monday. The company has a 50-day simple moving average of $76.79 and a 200 day simple moving average of $77.72. The company has a market capitalization of $16.89 billion, a P/E ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. 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 fifty-two week low of $63.81 and a fifty-two week high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid 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 yield of 1.48%. Masco’s dividend payout ratio is currently 30.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAS. UBS Group upped their target price on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital increased their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price target (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Finally, Oppenheimer raised 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. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus target price of $86.27.

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.