Masco Co. (NYSE:MAS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Masco Co. (NYSE:MAS) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,881 shares of the construction company’s stock after selling 904 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Masco were worth $2,256,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in shares of Masco during the second quarter worth approximately $82,363,000. Boston Trust Walden Corp increased its holdings in shares of Masco by 28.3% in the 2nd quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company’s stock valued at $31,195,000 after acquiring an additional 103,310 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Masco by 507.8% in the first quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company’s stock valued at $2,299,000 after purchasing an additional 24,352 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Masco by 17.1% during the second quarter. Sequoia Financial Advisors LLC now owns 52,962 shares of the construction company’s stock worth $3,531,000 after purchasing an additional 7,741 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in shares of Masco by 18.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 215,811 shares of the construction company’s stock valued at $14,388,000 after buying an additional 34,345 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MAS. Evercore ISI boosted their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. UBS Group upped their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Loop Capital upped their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.96.

Masco Price Performance

Masco stock opened at $79.01 on Monday. The company has a market cap of $17.05 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.54 and a beta of 1.24. Masco Co. has a one year low of $58.91 and a one year high of $86.70. The business has a fifty day moving average of $81.76 and a two-hundred day moving average of $75.50. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.47%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insiders Place Their Bets

In related 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 transaction of $2,961,592.48. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.