Masco Co. (NYSE:MAS) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in Masco Co. (NYSE:MAS) by 19.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,101 shares of the construction company’s stock after selling 14,819 shares during the quarter. Diversified Trust Co’s holdings in Masco were worth $4,579,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Iowa State Bank raised its holdings in shares of Masco by 0.6% in the fourth quarter. Iowa State Bank now owns 50,751 shares of the construction company’s stock valued at $3,683,000 after buying an additional 287 shares during the last quarter. CWA Asset Management Group LLC increased its position in Masco by 26.9% in the 4th quarter. CWA Asset Management Group LLC now owns 31,887 shares of the construction company’s stock valued at $2,314,000 after acquiring an additional 6,768 shares during the period. Pensionfund Sabic raised its stake in Masco by 20.0% during the 4th quarter. Pensionfund Sabic now owns 18,000 shares of the construction company’s stock valued at $1,306,000 after acquiring an additional 3,000 shares during the last quarter. Nordea Investment Management AB lifted its position in Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after acquiring an additional 520,555 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Masco by 9.7% in the 4th quarter. GAMMA Investing LLC now owns 7,732 shares of the construction company’s stock valued at $561,000 after purchasing an additional 686 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

NYSE MAS traded down $0.88 during mid-day trading on Tuesday, hitting $72.22. The stock had a trading volume of 157,815 shares, compared to its average volume of 800,682. The company has a 50 day simple moving average of $77.89 and a 200 day simple moving average of $77.19. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.55 and a beta of 1.25. Masco Co. has a 52-week low of $63.81 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.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.98 billion during 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 business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. Equities analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. Masco’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

Several brokerages recently weighed in on MAS. Citigroup decreased their price target on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday. Evercore ISI lifted their target price on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays increased their price target on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.79.

Masco 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.