American National Bank Sells 349 Shares of Masco Co. (NYSE:MAS)

American National Bank lessened its stake in Masco Co. (NYSE:MAS) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,536 shares of the construction company’s stock after selling 349 shares during the period. American National Bank’s holdings in Masco were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in Masco in the first quarter valued at approximately $27,000. Accel Wealth Management increased its position in shares of Masco by 65.8% during the first quarter. Accel Wealth Management now owns 761 shares of the construction company’s stock worth $38,000 after buying an additional 302 shares during the period. Optiver Holding B.V. acquired a new position in Masco in the first quarter valued at $39,000. Allworth Financial LP boosted its position in Masco by 45.7% during the first quarter. Allworth Financial LP now owns 854 shares of the construction company’s stock valued at $42,000 after acquiring an additional 268 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Masco by 105.2% during the 1st quarter. Lindbrook Capital LLC now owns 913 shares of the construction company’s stock worth $45,000 after acquiring an additional 468 shares during the period. 91.67% of the stock is currently owned by institutional investors.

Masco Stock Performance

Shares of MAS opened at $55.02 on Tuesday. The stock has a 50 day moving average of $58.53 and a 200 day moving average of $54.30. The company has a current ratio of 1.72, a quick ratio of 1.07 and a debt-to-equity ratio of 420.86. Masco Co. has a 12 month low of $42.33 and a 12 month high of $63.85. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.74 and a beta of 1.23.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 27th. The construction company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.23. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a negative return on equity of 403.37% and a net margin of 9.73%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS. As a group, sell-side analysts forecast that Masco Co. will post 3.6 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Friday, August 11th were paid a $0.285 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.14 annualized dividend and a yield of 2.07%. Masco’s payout ratio is 32.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MAS shares. TheStreet downgraded Masco from a “b” rating to a “c+” rating in a research note on Monday, August 28th. StockNews.com upgraded Masco from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group lifted their price objective on shares of Masco from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Barclays boosted their target price on shares of Masco from $66.00 to $74.00 in a research report on Friday, July 28th. Finally, Royal Bank of Canada lifted their price target on shares of Masco from $59.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.58.

Insider Buying and Selling at Masco

In other news, CEO Keith J. Allman sold 188,040 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $59.77, for a total transaction of $11,239,150.80. Following the completion of the transaction, the chief executive officer now owns 200,305 shares in the company, valued at approximately $11,972,229.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Renee Straber sold 41,200 shares of Masco stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $61.13, for a total value of $2,518,556.00. Following the completion of the transaction, the vice president now directly owns 31,995 shares in the company, valued at approximately $1,955,854.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith J. Allman sold 188,040 shares of Masco stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $59.77, for a total value of $11,239,150.80. Following the completion of the transaction, the chief executive officer now owns 200,305 shares of the company’s stock, valued at $11,972,229.85. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.