Union Savings Bank Acquires 219 Shares of Masco Co. (NYSE:MAS)

Union Savings Bank increased its holdings in Masco Co. (NYSE:MAS) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 969 shares of the construction company’s stock after acquiring an additional 219 shares during the quarter. Union Savings Bank’s holdings in Masco were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MAS. Farther Finance Advisors LLC lifted its position in Masco by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after purchasing an additional 128 shares during the period. WCM Investment Management LLC grew its position in Masco by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after purchasing an additional 132 shares during the period. Metis Global Partners LLC raised its stake in Masco by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after buying an additional 133 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Masco by 1.8% during the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after buying an additional 137 shares during the period. Finally, American National Bank & Trust lifted its holdings in shares of Masco by 1.0% during the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after buying an additional 142 shares during the period. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. BMO Capital Markets upped their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. 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. UBS Group increased their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research report on Friday, January 10th. Finally, Barclays reduced their target price on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.27.

Masco Trading Up 1.0 %

Masco stock opened at $78.29 on Monday. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70. The firm’s 50 day moving average price is $76.79 and its 200-day moving average price is $77.72. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The stock has a market cap of $16.89 billion, a P/E ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25.

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

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

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.