Boston Trust Walden Corp Purchases 3,441 Shares of Masco Co. (NYSE:MAS)

Boston Trust Walden Corp increased its position in Masco Co. (NYSE:MAS) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 471,338 shares of the construction company’s stock after acquiring an additional 3,441 shares during the quarter. Boston Trust Walden Corp owned about 0.21% of Masco worth $39,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAS. NorthCrest Asset Manangement LLC lifted its position in shares of Masco by 6.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,499 shares of the construction company’s stock worth $713,000 after purchasing an additional 479 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Masco by 40.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,860 shares of the construction company’s stock worth $1,242,000 after buying an additional 4,249 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Masco by 4.3% during the third quarter. Ballentine Partners LLC now owns 5,997 shares of the construction company’s stock worth $503,000 after buying an additional 249 shares during the last quarter. Harbour Trust & Investment Management Co boosted its position in shares of Masco by 8.8% in the third quarter. Harbour Trust & Investment Management Co now owns 65,362 shares of the construction company’s stock valued at $5,486,000 after acquiring an additional 5,299 shares during the period. Finally, Tectonic Advisors LLC grew its stake in shares of Masco by 16.9% in the third quarter. Tectonic Advisors LLC now owns 83,045 shares of the construction company’s stock worth $6,971,000 after acquiring an additional 11,983 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Masco Stock Down 2.0 %

Shares of NYSE MAS opened at $81.26 on Friday. The business has a fifty day moving average of $81.33 and a two-hundred day moving average of $74.29. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. Masco Co. has a 52-week low of $49.24 and a 52-week high of $86.70. The stock has a market cap of $17.73 billion, a PE ratio of 19.87, a PEG ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, equities research analysts expect that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MAS shares. Royal Bank of Canada upped their target price on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets increased their target price on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. 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, Robert W. Baird upped their target price on Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.75.

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.