Independent Advisor Alliance Buys Shares of 2,985 Masco Co. (NYSE:MAS)

Independent Advisor Alliance bought a new position in Masco Co. (NYSE:MAS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,985 shares of the construction company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAS. Innealta Capital LLC purchased a new stake in Masco in the second quarter worth about $25,000. Family Firm Inc. purchased a new stake in shares of Masco in the 2nd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Masco during the third quarter valued at approximately $38,000. Finally, LRI Investments LLC raised its stake in Masco by 850.8% in the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock worth $40,000 after buying an additional 536 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAS. UBS Group increased their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Evercore ISI boosted their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Masco has an average rating of “Hold” and an average price target of $85.96.

Masco Stock Down 0.4 %

Shares of MAS stock opened at $80.42 on Friday. Masco Co. has a fifty-two week low of $58.91 and a fifty-two week high of $86.70. The firm has a market capitalization of $17.35 billion, a PE ratio of 21.39, a P/E/G ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock’s 50-day simple moving average is $81.75 and its 200-day simple moving average is $75.66.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Equities analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 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.