Private Advisor Group LLC cut its stake in shares of Masco Co. (NYSE:MAS – Get Rating) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,747 shares of the construction company's stock after selling 2,361 shares during the period. Private Advisor Group LLC's holdings in Masco were worth $847,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc purchased a new stake in shares of Masco during the 1st quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new stake in Masco during the 1st quarter worth $55,000. Tobam boosted its position in Masco by 26.9% during the 1st quarter. Tobam now owns 1,129 shares of the construction company's stock worth $58,000 after purchasing an additional 239 shares during the period. Allworth Financial LP boosted its position in Masco by 153.5% during the 2nd quarter. Allworth Financial LP now owns 1,146 shares of the construction company's stock worth $58,000 after purchasing an additional 694 shares during the period. Finally, Quent Capital LLC purchased a new stake in Masco during the 4th quarter worth $71,000. 92.59% of the stock is owned by hedge funds and other institutional investors.
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MAS opened at $48.53 on Tuesday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. Masco Co. has a fifty-two week low of $45.27 and a fifty-two week high of $71.06. The company's 50-day moving average price is $51.45 and its 200 day moving average price is $52.50.
Masco (NYSE:MAS – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The construction company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.05). The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.36 billion. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. Masco's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. Research analysts anticipate that Masco Co. will post 4.17 earnings per share for the current year.Masco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Friday, August 12th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 11th. Masco's dividend payout ratio (DPR) is 31.11%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Barclays decreased their price target on shares of Masco from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. UBS Group cut their price objective on shares of Masco from $81.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, July 29th. JPMorgan Chase & Co. cut their price objective on shares of Masco from $58.00 to $54.00 in a report on Friday, July 15th. StockNews.com upgraded shares of Masco from a "hold" rating to a "buy" rating in a report on Monday, September 12th. Finally, BMO Capital Markets cut their price objective on shares of Masco from $68.00 to $60.00 in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Masco presently has an average rating of "Moderate Buy" and an average target price of $63.93.
Insiders Place Their Bets
In other Masco news, CEO Keith J. Allman sold 10,000 shares of the company's stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following the completion of the transaction, the chief executive officer now owns 288,295 shares in the company, valued at approximately $14,997,105.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.
Masco Profile
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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.
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