Masco Co. (NYSE:MAS) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC lowered its stake in shares of Masco Co. (NYSE:MAS) by 5.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,550 shares of the construction company’s stock after selling 245 shares during the period. BLB&B Advisors LLC’s holdings in Masco were worth $382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MAS. HB Wealth Management LLC increased its holdings in shares of Masco by 3.6% in the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares during the last quarter. American National Bank & Trust increased its stake in shares of Masco by 1.0% in the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 142 shares during the last quarter. BOKF NA raised its holdings in shares of Masco by 2.5% during the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after acquiring an additional 149 shares during the period. Trust Co. of Toledo NA OH boosted its position in shares of Masco by 2.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 5,509 shares of the construction company’s stock valued at $462,000 after acquiring an additional 153 shares during the last quarter. Finally, LifePlan Financial LLC grew its holdings in shares of Masco by 2.5% in the third quarter. LifePlan Financial LLC now owns 6,402 shares of the construction company’s stock valued at $537,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 0.3 %

Shares of MAS opened at $81.98 on Thursday. The company’s 50-day simple moving average is $80.97 and its 200-day simple moving average is $74.16. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. Masco Co. has a 1 year low of $47.66 and a 1 year high of $86.70. The stock has a market capitalization of $18.06 billion, a PE ratio of 20.09, a P/E/G ratio of 2.64 and a beta of 1.24.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. Analysts forecast that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MAS. Wells Fargo & Company boosted their target price on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. BMO Capital Markets increased their price objective on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday. Citigroup reduced their target price on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Royal Bank of Canada increased their price target on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a report on Monday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.75.

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.