Burney Co. Lowers Holdings in Masco Co. (NYSE:MAS)

Burney Co. reduced its stake in Masco Co. (NYSE:MAS) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,224 shares of the construction company’s stock after selling 2,726 shares during the period. Burney Co.’s holdings in Masco were worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MAS. State Street Corp grew its position in Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock valued at $864,103,000 after purchasing an additional 194,297 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Masco by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after acquiring an additional 520,555 shares in the last quarter. Van ECK Associates Corp raised its holdings in Masco by 0.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock worth $241,825,000 after acquiring an additional 26,259 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Masco by 15.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company’s stock valued at $117,265,000 after acquiring an additional 238,512 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Masco by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock valued at $75,834,000 after purchasing an additional 122,705 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Trading Up 1.0 %

NYSE MAS opened at $78.29 on Friday. The company’s 50-day simple moving average is $76.79 and its two-hundred day simple moving average is $77.54. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. Masco’s revenue was up .2% on a year-over-year basis. Equities analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAS. Barclays lowered their price target on Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup decreased their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. BMO Capital Markets raised their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Loop Capital increased their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered Masco from a “buy” rating to a “hold” rating and cut their price objective for the stock from $96.00 to $89.00 in a report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.27.

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.