Masco Co. (NYSE:MAS) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Masco Co. (NYSE:MAS) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,378 shares of the construction company’s stock after selling 1,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Masco were worth $7,251,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new stake in Masco in the first quarter valued at about $25,000. Innealta Capital LLC purchased a new position in shares of Masco in the 2nd quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in shares of Masco in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC boosted its stake in Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Masco during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Masco Stock Performance

Shares of NYSE MAS opened at $81.78 on Wednesday. Masco Co. has a 1 year low of $54.55 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company’s fifty day moving average price is $81.60 and its 200 day moving average price is $74.62. The company has a market capitalization of $17.64 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. On average, research analysts predict that Masco Co. will post 4.1 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s payout ratio is 30.85%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAS. Jefferies Financial Group raised their price target on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Loop Capital boosted their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI raised their price objective on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Citigroup dropped their target price on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Finally, Robert W. Baird cut their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target 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.