Masco Co. (NYSE:MAS) Shares Sold by Huntington National Bank

Huntington National Bank trimmed its stake in shares of Masco Co. (NYSE:MAS) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,089 shares of the construction company’s stock after selling 1,077 shares during the quarter. Huntington National Bank’s holdings in Masco were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its position in Masco by 14.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after buying an additional 67,806 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Masco during the second quarter worth about $82,363,000. Vanguard Group Inc. raised its holdings in Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after purchasing an additional 721,117 shares in the last quarter. Boston Trust Walden Corp lifted its position in Masco by 28.3% in the second quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company’s stock valued at $31,195,000 after purchasing an additional 103,310 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Masco by 12.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 210,512 shares of the construction company’s stock valued at $16,600,000 after purchasing an additional 22,540 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAS. UBS Group increased their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI raised their target price on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Truist Financial upped their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their price target on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Masco presently has an average rating of “Hold” and an average target price of $85.96.

Masco Stock Down 0.1 %

MAS stock opened at $79.19 on Friday. 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 12 month low of $58.89 and a 12 month high of $86.70. The firm has a market capitalization of $17.09 billion, a PE ratio of 21.06, a P/E/G ratio of 2.57 and a beta of 1.24. The company’s 50 day simple moving average is $81.84 and its 200-day simple moving average is $75.08.

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

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s payout ratio is 30.85%.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by 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.