Masco Co. (NYSE:MAS) Shares Sold by Huntington National Bank

Huntington National Bank cut its stake in Masco Co. (NYSE:MAS) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,089 shares of the construction company’s stock after selling 1,077 shares during the period. Huntington National Bank’s holdings in Masco were worth $3,029,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. New Covenant Trust Company N.A. acquired a new position in shares of Masco in the 1st quarter valued at $25,000. Innealta Capital LLC acquired a new position in Masco in the second quarter valued at $25,000. Family Firm Inc. purchased a new stake in Masco during the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV increased its stake in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Masco in the 3rd quarter worth about $38,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group boosted their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price 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 upped their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Stock Down 0.1 %

Shares of Masco stock opened at $79.19 on Friday. Masco Co. has a 1-year low of $58.89 and a 1-year high of $86.70. The company has a market capitalization of $17.09 billion, a PE ratio of 21.06, a P/E/G ratio of 2.57 and a beta of 1.24. 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 $81.84 and a 200-day moving average of $75.08.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

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.