Raymond James Trust N.A. Has $446,000 Stock Position in Masco Co. (NYSE:MAS)

Raymond James Trust N.A. boosted its stake in shares of Masco Co. (NYSE:MAS) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,319 shares of the construction company’s stock after purchasing an additional 461 shares during the quarter. Raymond James Trust N.A.’s holdings in Masco were worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAS. BOKF NA grew its position in Masco by 2.5% during the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after buying an additional 149 shares in the last quarter. Caxton Associates LP increased its position in shares of Masco by 27.6% during the first quarter. Caxton Associates LP now owns 4,302 shares of the construction company’s stock valued at $339,000 after purchasing an additional 931 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Masco by 11.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock worth $522,000 after purchasing an additional 703 shares during the period. California State Teachers Retirement System increased its holdings in Masco by 4.7% in the 1st quarter. California State Teachers Retirement System now owns 432,792 shares of the construction company’s stock valued at $34,139,000 after buying an additional 19,579 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Masco by 26.1% during the 1st quarter. Tidal Investments LLC now owns 20,182 shares of the construction company’s stock valued at $1,590,000 after acquiring an additional 4,183 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Down 1.8 %

MAS opened at $80.70 on Wednesday. The firm has a 50 day simple moving average of $81.78 and a 200 day simple moving average of $75.57. Masco Co. has a fifty-two week low of $58.91 and a fifty-two week high of $86.70. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.56 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.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share 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 company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. Masco’s payout ratio is currently 30.85%.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MAS shares. Evercore ISI raised their price target on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. UBS Group lifted their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.96.

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.