Masco Co. (NYSE:MAS) Shares Sold by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc lessened its holdings in Masco Co. (NYSE:MAS) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,832 shares of the construction company’s stock after selling 1,572 shares during the quarter. DB Fitzpatrick & Co Inc’s holdings in Masco were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MAS. ORG Wealth Partners LLC bought a new stake in shares of Masco in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Masco in the third quarter valued at approximately $38,000. Ashton Thomas Securities LLC bought a new stake in shares of Masco in the 3rd quarter worth $43,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares during the period. Finally, Covestor Ltd boosted its stake in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after buying an additional 312 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Up 1.0 %

MAS stock opened at $78.29 on Friday. The company has a 50 day moving average of $76.79 and a two-hundred day moving average of $77.54. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (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 during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors 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 1.48%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is presently 30.85%.

Wall Street Analyst Weigh In

MAS has been the topic of several research reports. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and dropped their price target for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 price objective (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Finally, StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.27.

About Masco

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.