Masco Co. (NYSE:MAS) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its holdings in shares of Masco Co. (NYSE:MAS) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 921,174 shares of the construction company’s stock after selling 26,691 shares during the quarter. Confluence Investment Management LLC owned 0.43% of Masco worth $66,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of Masco in the 3rd quarter valued at approximately $38,000. Ashton Thomas Securities LLC purchased a new stake in Masco in the third quarter valued at approximately $43,000. Venturi Wealth Management LLC lifted its stake in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after purchasing an additional 222 shares in the last quarter. Covestor Ltd lifted its stake in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after purchasing an additional 312 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Masco during the third quarter worth $77,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Down 0.1 %

NYSE:MAS traded down $0.05 during midday trading on Thursday, hitting $72.52. 104,703 shares of the company were exchanged, compared to its average volume of 1,749,544. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. The company has a market capitalization of $15.65 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.55 and a beta of 1.23. The company has a fifty day simple moving average of $78.47 and a 200 day simple moving average of $77.07.

Masco (NYSE:MAS) last posted 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. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. As a group, equities analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI increased their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. UBS Group raised their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital upped their target price on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price target (down previously from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $85.88.

Masco Company 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.