Sanibel Captiva Trust Company Inc. Has $527,000 Holdings in Masco Co. (NYSE:MAS)

Sanibel Captiva Trust Company Inc. grew its holdings in Masco Co. (NYSE:MASFree Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,261 shares of the construction company’s stock after purchasing an additional 604 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Masco were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in Masco in the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Masco during the 3rd quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new position in shares of Masco in the third quarter worth $43,000. Venturi Wealth Management LLC raised its holdings in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after acquiring an additional 222 shares in the last quarter. Finally, Covestor Ltd boosted its position in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after purchasing an additional 312 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Up 1.0 %

Shares of MAS stock opened at $78.29 on Monday. The stock has a 50 day moving average of $76.79 and a 200-day moving average of $77.72. The firm has a market cap of $16.89 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. 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 Co. has a 12 month low of $63.81 and a 12 month high of $86.70.

Masco (NYSE:MASGet Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. On average, equities analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.48%. Masco’s dividend payout ratio is 30.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and cut their price target for the stock from $96.00 to $89.00 in a research note on Monday, December 16th. UBS Group lifted their target price on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup cut their target price on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Masco presently has a consensus rating of “Hold” and an average target price of $86.27.

Get Our Latest Analysis on MAS

About Masco

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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