Private Advisor Group LLC lifted its holdings in shares of Masco Corp (NYSE:MAS) by 37.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,966 shares of the construction company’s stock after buying an additional 2,439 shares during the period. Private Advisor Group LLC’s holdings in Masco were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MAS. Mckinley Capital Management LLC Delaware acquired a new position in shares of Masco during the second quarter worth approximately $101,000. YorkBridge Wealth Partners LLC boosted its position in shares of Masco by 4.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after buying an additional 127 shares during the period. Advisory Services Network LLC boosted its position in shares of Masco by 27.6% during the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after buying an additional 763 shares during the period. Fiduciary Trust Co. acquired a new position in shares of Masco during the second quarter worth approximately $166,000. Finally, Kings Point Capital Management boosted its position in shares of Masco by 50.0% during the second quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 89.14% of the company’s stock.

In other news, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the sale, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $42.55, for a total value of $109,523.70. Following the sale, the vice president now owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Insiders have sold a total of 91,227 shares of company stock valued at $3,622,549 in the last quarter. Insiders own 1.30% of the company’s stock.

Several brokerages have recently issued reports on MAS. Wells Fargo & Company downgraded Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research report on Wednesday, October 25th. Nomura set a $45.00 price objective on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Raymond James Financial reiterated a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. B. Riley restated a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.88.

Masco Corp (NYSE:MAS) traded down $0.23 on Wednesday, reaching $42.19. The company’s stock had a trading volume of 2,506,300 shares, compared to its average volume of 2,643,428. The firm has a market capitalization of $13,343.86, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.59. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. Masco Corp has a 12-month low of $31.29 and a 12-month high of $43.79.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts predict that Masco Corp will post 1.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, October 12th. This is an increase from Masco’s previous quarterly dividend of $0.10. Masco’s dividend payout ratio is 25.00%.

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Masco Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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