Masco Co. (NYSE:MAS) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. cut its holdings in shares of Masco Co. (NYSE:MAS) by 31.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379 shares of the construction company’s stock after selling 172 shares during the period. Zions Bancorporation N.A.’s holdings in Masco were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’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 in the company, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Masco Price Performance

MAS stock opened at $78.42 on Friday. Masco Co. has a 52-week low of $58.89 and a 52-week high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24. The business has a fifty day moving average of $81.86 and a two-hundred day moving average of $75.19.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) 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 firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company earned $1.00 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. Masco’s payout ratio is currently 30.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research note on Friday. Loop Capital increased their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Robert W. Baird lowered their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI upped their target price on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.96.

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.