Masco Co. (NYSE:MAS) Stock Position Decreased by Cambiar Investors LLC

Cambiar Investors LLC cut its stake in shares of Masco Co. (NYSE:MAS) by 0.9% in the 3rd quarter, Holdings Channel reports. The firm owned 169,880 shares of the construction company’s stock after selling 1,537 shares during the quarter. Cambiar Investors LLC’s holdings in Masco were worth $14,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake in 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 buying an additional 67,806 shares during the last quarter. Quantbot Technologies LP bought a new stake in Masco in the 1st quarter valued at about $1,903,000. Manning & Napier Advisors LLC acquired a new position in Masco during the 2nd quarter valued at about $82,363,000. Vanguard Group Inc. boosted its stake in Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Masco by 119.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock worth $22,885,000 after purchasing an additional 157,711 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MAS shares. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $79.00 to $80.00 in a research report on Wednesday. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group upped their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $84.85.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Masco Price Performance

NYSE MAS opened at $80.18 on Friday. Masco Co. has a 1 year low of $53.44 and a 1 year high of $86.70. The business’s fifty day moving average is $81.60 and its two-hundred day moving average is $74.53. The stock has a market capitalization of $17.30 billion, a P/E ratio of 21.32, a P/E/G ratio of 2.71 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.12 and a current ratio of 1.83.

Masco (NYSE:MAS) last announced its earnings results 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 company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. Masco’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts forecast that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

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.