Central Bank & Trust Co. Sells 366 Shares of Masco Co. (NYSE:MAS)

Central Bank & Trust Co. cut its stake in shares of Masco Co. (NYSE:MAS) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,052 shares of the construction company’s stock after selling 366 shares during the quarter. Central Bank & Trust Co.’s holdings in Masco were worth $844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MAS. QRG Capital Management Inc. raised its stake in Masco by 22.3% in the third quarter. QRG Capital Management Inc. now owns 413,896 shares of the construction company’s stock worth $34,742,000 after buying an additional 75,503 shares in the last quarter. National Pension Service raised its position in shares of Masco by 9.7% in the 3rd quarter. National Pension Service now owns 445,459 shares of the construction company’s stock worth $37,392,000 after acquiring an additional 39,304 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Masco in the 3rd quarter worth $77,000. Kanawha Capital Management LLC bought a new stake in Masco during the third quarter valued at about $225,000. Finally, Van ECK Associates Corp grew its stake in Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after purchasing an additional 26,259 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird lowered their target price 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. Evercore ISI upped their price target on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Truist Financial upped their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.85.

Masco Stock Up 0.8 %

Shares of MAS opened at $80.79 on Tuesday. Masco Co. has a 52-week low of $54.55 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 fifty day simple moving average of $81.60 and a two-hundred day simple moving average of $74.56. The company has a market capitalization of $17.43 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Masco Co. will post 4.1 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders 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 annualized dividend and a dividend yield of 1.44%. Masco’s dividend payout ratio is currently 30.85%.

Insider Activity

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated 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 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 legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

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.