Masco Co. (NYSE:MAS) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in shares of Masco Co. (NYSE:MAS) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,145 shares of the construction company’s stock after selling 1,201 shares during the quarter. Sanctuary Advisors LLC’s holdings in Masco were worth $3,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp lifted its position in Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after acquiring an additional 194,297 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Masco by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after purchasing an additional 181,515 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after purchasing an additional 26,259 shares during the period. Impax Asset Management Group plc grew its holdings in Masco by 10.0% during the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after purchasing an additional 259,205 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Masco by 66.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after buying an additional 728,690 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Down 1.2 %

NYSE MAS opened at $77.78 on Tuesday. 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 Co. has a one year low of $63.60 and a one year high of $86.70. The company has a 50-day simple moving average of $80.95 and a 200-day simple moving average of $76.66. The firm has a market capitalization of $16.78 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23.

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

Masco Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.49%. Masco’s payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird cut their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Loop Capital upped their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine 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 company currently has an average rating of “Hold” and an average target price of $86.46.

Masco 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.