Central Bank & Trust Co. Reduces Stock Position in Masco Co. (NYSE:MAS)

Central Bank & Trust Co. lessened its holdings in shares of Masco Co. (NYSE:MAS) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,052 shares of the construction company’s stock after selling 366 shares during the period. Central Bank & Trust Co.’s holdings in Masco were worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after buying an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Masco by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after acquiring an additional 181,515 shares during the period. Van ECK Associates Corp boosted its holdings in Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after acquiring an additional 26,259 shares in the last quarter. Impax Asset Management Group plc increased its position in Masco by 10.0% during the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after purchasing an additional 259,205 shares during the period. Finally, Earnest Partners LLC raised its holdings in Masco by 16.6% in the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock worth $177,136,000 after purchasing an additional 319,029 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

MAS stock opened at $80.79 on Tuesday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco Co. has a 1 year low of $54.55 and a 1 year high of $86.70. The company has a market cap of $17.43 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The stock’s fifty day moving average price is $81.60 and its 200-day moving average price is $74.56.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. 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 business earned $1.00 earnings per share. Masco’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Masco Co. will post 4.1 earnings per share for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. Masco’s dividend payout ratio is presently 30.85%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAS. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird decreased their target price on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Citigroup dropped their price target on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Finally, BMO Capital Markets increased their price objective on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.85.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.