4,041 Shares in Masco Co. (NYSE:MAS) Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in shares of Masco Co. (NYSE:MASGet Rating) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 4,041 shares of the construction company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prospera Financial Services Inc purchased a new position in shares of Masco during the first quarter worth about $25,000. Quent Capital LLC acquired a new stake in Masco in the fourth quarter valued at about $71,000. GHP Investment Advisors Inc. acquired a new stake in Masco in the first quarter valued at about $55,000. Tobam lifted its position in Masco by 26.9% in the first quarter. Tobam now owns 1,129 shares of the construction company’s stock valued at $58,000 after purchasing an additional 239 shares during the period. Finally, Riverview Trust Co lifted its position in Masco by 49.5% in the first quarter. Riverview Trust Co now owns 1,455 shares of the construction company’s stock valued at $74,000 after purchasing an additional 482 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Masco from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Barclays reduced their price objective on shares of Masco from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masco in a research report on Wednesday, August 17th. They issued a “hold” rating and a $61.00 price objective for the company. UBS Group reduced their price target on shares of Masco from $81.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Masco from $58.00 to $54.00 in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Masco has an average rating of “Moderate Buy” and an average price target of $63.93.

Masco Trading Down 0.4 %

Shares of MAS opened at $48.77 on Monday. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $52.93 and a 200-day simple moving average of $53.06. Masco Co. has a 1-year low of $46.27 and a 1-year high of $71.06. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23.

Masco (NYSE:MASGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The construction company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts forecast that Masco Co. will post 4.17 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Friday, August 12th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.12 annualized dividend and a yield of 2.30%. Masco’s payout ratio is currently 31.11%.

Insiders Place Their Bets

In other Masco news, CEO Keith J. Allman sold 10,000 shares of Masco stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following the completion of the sale, the chief executive officer now directly owns 288,295 shares of the company’s stock, valued at approximately $14,997,105.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Masco Company Profile

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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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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