United Services Automobile Association Sells 333 Shares of Masco Co. (NYSE:MAS)

United Services Automobile Association trimmed its holdings in shares of Masco Co. (NYSE:MASGet Rating) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,462 shares of the construction company’s stock after selling 333 shares during the period. United Services Automobile Association’s holdings in Masco were worth $676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Prudential PLC boosted its holdings in Masco by 4.4% during the second quarter. Prudential PLC now owns 4,988 shares of the construction company’s stock worth $252,000 after purchasing an additional 209 shares during the last quarter. Riverview Trust Co increased its position in Masco by 23.0% during the third quarter. Riverview Trust Co now owns 1,197 shares of the construction company’s stock worth $56,000 after acquiring an additional 224 shares during the period. Verdence Capital Advisors LLC grew its stake in Masco by 2.1% during the third quarter. Verdence Capital Advisors LLC now owns 11,132 shares of the construction company’s stock worth $520,000 after buying an additional 227 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Masco by 5.2% during the second quarter. Kestra Private Wealth Services LLC now owns 4,761 shares of the construction company’s stock worth $241,000 after buying an additional 235 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. grew its stake in Masco by 0.5% during the third quarter. Mastrapasqua Asset Management Inc. now owns 49,812 shares of the construction company’s stock worth $2,326,000 after buying an additional 242 shares in the last quarter. 91.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Credit Suisse Group increased their price objective on shares of Masco from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Friday, February 10th. Robert W. Baird raised their price target on shares of Masco from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. The Goldman Sachs Group reduced their price target on shares of Masco to $57.00 in a research note on Monday, November 21st. KeyCorp reduced their price target on shares of Masco from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, February 10th. Finally, Barclays raised their price target on shares of Masco from $58.00 to $61.00 in a research note on Wednesday, December 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.64.

Masco Stock Performance

Masco stock opened at $50.67 on Wednesday. Masco Co. has a 52-week low of $42.33 and a 52-week high of $58.18. The firm has a 50 day moving average price of $52.25 and a two-hundred day moving average price of $49.81. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 3.11 and a beta of 1.19.

Masco (NYSE:MASGet Rating) last released its quarterly earnings results on Thursday, February 9th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Masco had a negative return on equity of 250.36% and a net margin of 9.72%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, equities research analysts predict that Masco Co. will post 3.29 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Thursday, February 23rd were issued a dividend of $0.285 per share. This is a positive change from Masco’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $1.14 annualized dividend and a yield of 2.25%. Masco’s dividend payout ratio (DPR) is presently 31.32%.

Insiders Place Their Bets

In other news, CEO Keith J. Allman sold 33,947 shares of Masco stock in a transaction on Monday, February 27th. The shares were sold at an average price of $53.26, for a total value of $1,808,017.22. Following the completion of the sale, the chief executive officer now owns 200,305 shares in the company, valued at approximately $10,668,244.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Keith J. Allman sold 14,177 shares of Masco stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $51.40, for a total value of $728,697.80. Following the completion of the sale, the chief executive officer now owns 258,085 shares in the company, valued at approximately $13,265,569. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keith J. Allman sold 33,947 shares of Masco stock in a transaction on Monday, February 27th. The shares were sold at an average price of $53.26, for a total transaction of $1,808,017.22. Following the completion of the sale, the chief executive officer now owns 200,305 shares of the company’s stock, valued at approximately $10,668,244.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 326,404 shares of company stock worth $17,951,341. 1.20% of the stock is currently owned by insiders.

Masco Profile

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Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets.

Further Reading

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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