Canandaigua National Bank & Trust Co. Sells 1,000 Shares of Masco Co. (NYSE:MAS)

Canandaigua National Bank & Trust Co. decreased its position in shares of Masco Co. (NYSE:MAS) by 23.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,335 shares of the construction company’s stock after selling 1,000 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Masco were worth $242,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Masco by 6.7% in the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after purchasing an additional 128 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Masco by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after buying an additional 132 shares in the last quarter. Metis Global Partners LLC grew its position in Masco by 1.9% in the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after acquiring an additional 133 shares in the last quarter. Empirical Finance LLC increased its stake in Masco by 1.8% in the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after acquiring an additional 137 shares during the last quarter. Finally, American National Bank & Trust raised its position in Masco by 1.0% during the third quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MAS shares. Evercore ISI raised their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $96.00 to $89.00 in a report on Monday, December 16th. 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 note on Wednesday, October 30th. Loop Capital lifted their target price on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $85.00 price target (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.79.

Masco Stock Down 2.0 %

Shares of NYSE MAS opened at $71.66 on Wednesday. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70. The firm has a 50-day simple moving average of $77.70 and a two-hundred day simple moving average of $77.22. The company has a market cap of $15.46 billion, a P/E ratio of 19.06, a PEG ratio of 2.55 and a beta of 1.25. 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 EPS for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. Research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.62%. Masco’s dividend payout ratio is currently 30.85%.

Masco Company 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.