Masco Co. (NYSE:MAS) Holdings Decreased by XTX Topco Ltd

XTX Topco Ltd reduced its holdings in Masco Co. (NYSE:MAS) by 83.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,840 shares of the construction company’s stock after selling 13,877 shares during the period. XTX Topco Ltd’s holdings in Masco were worth $238,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Seizert Capital Partners LLC raised its stake in shares of Masco by 21.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock worth $45,364,000 after purchasing an additional 96,415 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Masco by 11.6% in the 2nd quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock valued at $30,932,000 after purchasing an additional 48,379 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Masco by 14.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock worth $9,497,000 after purchasing an additional 18,287 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Masco in the second quarter worth about $159,000. Finally, National Bank of Canada FI increased its holdings in shares of Masco by 22.7% during the 2nd quarter. National Bank of Canada FI now owns 62,323 shares of the construction company’s stock valued at $4,033,000 after acquiring an additional 11,525 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Down 3.4 %

MAS opened at $73.96 on Thursday. Masco Co. has a twelve month low of $63.60 and a twelve month high of $86.70. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.57 and a beta of 1.23. The firm’s 50-day simple moving average is $80.62 and its 200-day simple moving average is $76.69. 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 posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Equities research analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors 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 dividend on an annualized basis and a dividend yield of 1.57%. Masco’s dividend payout ratio is 30.85%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAS. Robert W. Baird dropped their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group lowered Masco from a “buy” rating to a “hold” rating and cut their price target for the stock from $96.00 to $89.00 in a report on Monday. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Loop Capital lifted their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. 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 has a consensus rating of “Hold” and a consensus price target of $85.88.

Masco 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.