US Bancorp DE Has $11.59 Million Position in Masco Co. (NYSE:MAS)

US Bancorp DE cut its position in shares of Masco Co. (NYSE:MAS) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,053 shares of the construction company’s stock after selling 2,301 shares during the quarter. US Bancorp DE owned 0.06% of Masco worth $11,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock valued at $655,414,000 after buying an additional 181,515 shares during the last quarter. Van ECK Associates Corp lifted its position in Masco by 0.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock worth $194,985,000 after buying an additional 9,094 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Masco by 10.0% during the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock worth $190,347,000 after buying an additional 259,205 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Masco by 16.6% in the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after acquiring an additional 319,029 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

MAS has been the topic of several analyst reports. Truist Financial upped their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird cut their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Citigroup cut their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, UBS Group boosted their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.85.

Masco Stock Up 0.3 %

MAS opened at $80.18 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.12 and a current ratio of 1.83. The stock has a fifty day moving average of $81.60 and a 200-day moving average of $74.53. Masco Co. has a fifty-two week low of $53.44 and a fifty-two week high of $86.70. The company has a market capitalization of $17.30 billion, a P/E ratio of 21.32, a P/E/G ratio of 2.58 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Masco Co. will post 4.1 EPS for the current year.

Masco Announces Dividend

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

Insider Activity

In related 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 value of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.