DRW Securities LLC Takes $210,000 Position in Masco Co. (NYSE:MAS)

DRW Securities LLC bought a new stake in shares of Masco Co. (NYSE:MAS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,502 shares of the construction company’s stock, valued at approximately $210,000.

Other large investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Masco during the first quarter valued at $25,000. Innealta Capital LLC bought a new position in Masco during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in Masco in the 2nd quarter worth about $30,000. Massmutual Trust Co. FSB ADV lifted its stake in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Masco during the third quarter valued at approximately $38,000. Institutional investors own 93.91% of the company’s stock.

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now directly 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. 1.10% of the stock is currently owned by corporate insiders.

Masco Stock Down 0.4 %

Masco stock opened at $80.41 on Thursday. Masco Co. has a twelve month low of $58.91 and a twelve month high of $86.70. The business has a fifty day moving average of $81.77 and a two-hundred day moving average of $75.63. The firm has a market cap of $17.35 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.66 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates 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 return on equity of 615.54% and a net margin of 10.54%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. On average, analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. UBS Group lifted their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird reduced their target price 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.96.

About Masco

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.