Masco Corporation $MAS Shares Bought by Diversified Trust Co

Diversified Trust Co increased its stake in Masco Corporation (NYSE:MAS) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,510 shares of the construction company’s stock after acquiring an additional 8,492 shares during the period. Diversified Trust Co’s holdings in Masco were worth $6,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nykredit A S bought a new position in Masco during the 2nd quarter valued at $2,456,000. Hsbc Holdings PLC increased its position in shares of Masco by 7.2% during the 2nd quarter. Hsbc Holdings PLC now owns 369,842 shares of the construction company’s stock valued at $30,116,000 after purchasing an additional 24,934 shares during the period. Balefire LLC bought a new stake in shares of Masco in the 1st quarter worth $1,021,000. CWA Asset Management Group LLC bought a new stake in shares of Masco in the 3rd quarter worth $4,038,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Masco in the 2nd quarter worth $13,269,000. 93.91% of the stock is currently owned by institutional investors.

Masco Price Performance

NYSE MAS opened at $84.72 on Friday. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $87.86. The business’s fifty day moving average is $73.65 and its two-hundred day moving average is $71.62. The stock has a market capitalization of $16.33 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.20 and a current ratio of 1.83.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. On average, research analysts forecast that Masco Corporation will post 4.72 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 6th. Masco’s dividend payout ratio is currently 27.71%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group upped their price objective on Masco from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Royal Bank Of Canada upped their price target on shares of Masco from $69.00 to $74.00 and gave the company a “sector perform” rating in a report on Thursday, October 29th. Citigroup cut their price target on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Oppenheimer restated an “outperform” rating and set a $90.00 price objective (up from $88.00) on shares of Masco in a research report on Wednesday, October 28th. Finally, Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.82.

Insider Activity at Masco

In related news, VP Kenneth Cole sold 34,470 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.64, for a total value of $2,779,660.80. Following the completion of the transaction, the vice president owned 39,700 shares in the company, valued at $3,201,408. This trade represents a 46.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

About Masco

Masco Corporation is a manufacturer of home improvement and building products, serving residential construction, repair and remodeling markets. Its products are sold primarily in North America and Europe, as well as in other markets around the world. The company’s Plumbing Products include faucets, showering and bathing products, and related fixtures and accessories. Its brands include Delta Faucet, Brizo, Peerless and hansgrohe. Masco also makes decorative architectural products, including paints and coatings sold under the BEHR and KILZ brands.