Intech Investment Management LLC Has $1.55 Million Holdings in Masco Co. (NYSE:MAS)

Intech Investment Management LLC cut its stake in Masco Co. (NYSE:MAS) by 78.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,494 shares of the construction company’s stock after selling 67,593 shares during the period. Intech Investment Management LLC’s holdings in Masco were worth $1,552,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MAS. BOKF NA grew its position in 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 last quarter. Caxton Associates LP grew its position in Masco by 27.6% during the 1st quarter. Caxton Associates LP now owns 4,302 shares of the construction company’s stock worth $339,000 after acquiring an additional 931 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Masco by 268.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 152,699 shares of the construction company’s stock worth $12,045,000 after acquiring an additional 111,208 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in Masco during the 1st quarter worth approximately $740,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Masco by 11.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock worth $522,000 after acquiring an additional 703 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their price objective on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Stock Performance

Shares of Masco stock opened at $82.16 on Tuesday. The company has a market capitalization of $17.73 billion, a PE ratio of 21.85, a PEG ratio of 2.56 and a beta of 1.24. Masco Co. has a 12 month low of $58.91 and a 12 month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock’s fifty day simple moving average is $81.78 and its 200 day simple moving average is $75.57.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. On average, research analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is presently 30.85%.

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.