Masco Co. (NYSE:MAS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Masco Co. (NYSE:MAS) by 16.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,865 shares of the construction company’s stock after selling 13,474 shares during the period. Segall Bryant & Hamill LLC’s holdings in Masco were worth $5,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. acquired a new position in Masco in the 1st quarter valued at $25,000. Innealta Capital LLC acquired a new stake in Masco in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new stake in Masco in the 2nd quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the 3rd quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Masco during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MAS shares. Robert W. Baird lowered their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Evercore ISI raised their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Masco currently has an average rating of “Hold” and an average price target of $85.96.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the 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 owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Masco Stock Up 0.9 %

Shares of Masco stock opened at $79.01 on Friday. Masco Co. has a twelve month low of $58.91 and a twelve month high of $86.70. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.47 and a beta of 1.24. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The business’s 50 day simple moving average is $81.76 and its 200-day simple moving average is $75.43.

Masco (NYSE:MAS) last issued its 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. 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 analyst estimates of $2 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio (DPR) is 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.