Synovus Financial Corp Has $2.41 Million Stock Holdings in Masco Co. (NYSE:MAS)

Synovus Financial Corp increased its position in Masco Co. (NYSE:MAS) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 28,725 shares of the construction company’s stock after acquiring an additional 364 shares during the period. Synovus Financial Corp’s holdings in Masco were worth $2,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new position in Masco in the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in Masco in the third quarter valued at approximately $38,000. Ashton Thomas Securities LLC bought a new stake in shares of Masco during the 3rd quarter valued at $43,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

Shares of MAS opened at $78.76 on Monday. The company has a 50 day moving average of $81.05 and a 200-day moving average of $76.59. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of $16.99 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.57 and a beta of 1.23. Masco Co. has a twelve month low of $63.60 and a twelve month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business earned $1.00 EPS. The company’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.47%. Masco’s payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Loop Capital boosted their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased 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 company an “overweight” rating in a report on Monday, October 7th. Finally, BMO Capital Markets increased their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.04.

Masco 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.