Monte Financial Group LLC raised its stake in shares of Masco Corp (NYSE:MAS) by 21.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,881 shares of the construction company’s stock after acquiring an additional 2,250 shares during the quarter. Monte Financial Group LLC’s holdings in Masco were worth $537,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Trust Advisors LP bought a new position in shares of Masco in the first quarter valued at about $1,280,000. Boltwood Capital Management raised its holdings in shares of Masco by 3.9% in the second quarter. Boltwood Capital Management now owns 9,317 shares of the construction company’s stock valued at $366,000 after buying an additional 350 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Masco by 4.1% in the second quarter. DNB Asset Management AS now owns 61,186 shares of the construction company’s stock valued at $2,401,000 after buying an additional 2,404 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Masco in the second quarter valued at about $213,000. Finally, First American Trust FSB raised its holdings in shares of Masco by 4.7% in the second quarter. First American Trust FSB now owns 87,389 shares of the construction company’s stock valued at $3,429,000 after buying an additional 3,909 shares during the last quarter. 92.85% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the company. Barclays lifted their price target on Masco from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on Masco from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. TheStreet raised Masco from a “c+” rating to a “b-” rating in a report on Tuesday, October 22nd. Zelman & Associates cut Masco from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Finally, Bank of America lowered their price objective on Masco from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.75.

In other news, CFO John G. Sznewajs sold 85,473 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $40.88, for a total transaction of $3,494,136.24. Following the completion of the transaction, the chief financial officer now directly owns 318,403 shares in the company, valued at approximately $13,016,314.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard A. O’reagan sold 11,125 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $45.85, for a total value of $510,081.25. Following the transaction, the insider now owns 43,278 shares of the company’s stock, valued at $1,984,296.30. The disclosure for this sale can be found here. 1.17% of the stock is owned by company insiders.

MAS stock traded up $0.49 during midday trading on Tuesday, reaching $46.64. The stock had a trading volume of 2,199,175 shares, compared to its average volume of 3,337,690. The business has a fifty day simple moving average of $43.61 and a two-hundred day simple moving average of $40.20. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 120.48. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.48 and a beta of 1.46. Masco Corp has a twelve month low of $27.03 and a twelve month high of $46.95.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.13 billion. Masco had a return on equity of 1,500.49% and a net margin of 8.27%. Masco’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, equities analysts predict that Masco Corp will post 2.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, October 11th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Masco’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, October 10th. Masco’s dividend payout ratio (DPR) is presently 21.60%.

Masco declared that its board has initiated a stock buyback program on Tuesday, September 17th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 16.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

Further Reading: Support Level

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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