Masco Co. (NYSE:MAS) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lessened its holdings in Masco Co. (NYSE:MAS) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,785 shares of the construction company’s stock after selling 336 shares during the period. Integrated Investment Consultants LLC’s holdings in Masco were worth $565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in shares of Masco by 6.7% in the 3rd 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 increased its position in Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after buying an additional 132 shares during the period. Metis Global Partners LLC lifted its stake in Masco by 1.9% in the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after buying an additional 133 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Masco by 1.8% during 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 period. Finally, American National Bank & Trust grew its position in shares of Masco by 1.0% during the third quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $78.29 on Friday. The firm has a 50-day moving average of $76.79 and a two-hundred day moving average of $77.54. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The firm 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%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, analysts expect that Masco Co. will post 4.09 earnings per share for the current fiscal 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MAS shares. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 target price (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and cut their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Finally, Evercore ISI increased their price target on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $86.27.

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.