Masco Co. (NYSE:MAS) Shares Bought by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC increased its position in Masco Co. (NYSE:MAS) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,982 shares of the construction company’s stock after acquiring an additional 197 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Masco were worth $2,097,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Seizert Capital Partners LLC grew its holdings in Masco by 21.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after buying an additional 96,415 shares during the last quarter. Natixis Advisors LLC boosted its position in Masco by 3.0% during the third quarter. Natixis Advisors LLC now owns 236,201 shares of the construction company’s stock worth $19,827,000 after acquiring an additional 6,876 shares during the last quarter. Empowered Funds LLC grew its stake in Masco by 21.5% in the 3rd quarter. Empowered Funds LLC now owns 26,415 shares of the construction company’s stock worth $2,217,000 after acquiring an additional 4,668 shares during the period. Empirical Finance LLC raised its holdings in Masco by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after acquiring an additional 137 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Masco by 6.7% during the 3rd quarter. CIBC Asset Management Inc now owns 32,765 shares of the construction company’s stock worth $2,750,000 after purchasing an additional 2,067 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 1.0 %

MAS stock opened at $78.42 on Friday. Masco Co. has a twelve month low of $58.89 and a twelve 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 company has a market capitalization of $16.92 billion, a P/E ratio of 20.86, a PEG ratio of 2.54 and a beta of 1.24. The firm has a 50 day simple moving average of $81.86 and a 200-day simple moving average of $75.19.

Masco (NYSE:MAS) last issued its quarterly earnings results 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 analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 earnings per share. On average, equities research analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Analyst Ratings Changes

MAS has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. 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 Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.96.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

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.