TCV Trust & Wealth Management Inc. Lowers Stock Holdings in Masco Co. (NYSE:MAS)

TCV Trust & Wealth Management Inc. lowered its position in shares of Masco Co. (NYSE:MAS) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,079 shares of the construction company’s stock after selling 2,965 shares during the period. TCV Trust & Wealth Management Inc. owned 0.06% of Masco worth $11,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HB Wealth Management LLC lifted its position in Masco by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after buying an additional 142 shares during the last quarter. American National Bank & Trust increased its stake in Masco by 1.0% in the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 142 shares during the period. BOKF NA boosted its stake in shares of Masco by 2.5% during the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after purchasing an additional 149 shares in the last quarter. Trust Co. of Toledo NA OH increased its position in shares of Masco by 2.9% during the third quarter. Trust Co. of Toledo NA OH now owns 5,509 shares of the construction company’s stock valued at $462,000 after buying an additional 153 shares during the period. Finally, LifePlan Financial LLC raised its stake in Masco by 2.5% in the third quarter. LifePlan Financial LLC now owns 6,402 shares of the construction company’s stock worth $537,000 after buying an additional 155 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Trading Down 2.0 %

NYSE:MAS opened at $81.26 on Friday. Masco Co. has a 52 week low of $49.24 and a 52 week high of $86.70. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.78 and a beta of 1.24. The company’s 50 day moving average price is $81.33 and its 200-day moving average price is $74.29. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 EPS. On average, equities research analysts forecast that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MAS shares. Citigroup reduced their target price on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, BMO Capital Markets raised their target price on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.75.

Masco Company 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.