Montecito Bank & Trust Has $989,000 Stock Position in Masco Co. (NYSE:MAS)

Montecito Bank & Trust increased its holdings in shares of Masco Co. (NYSE:MAS) by 125.4% in the third quarter, HoldingsChannel reports. The firm owned 11,778 shares of the construction company’s stock after buying an additional 6,553 shares during the period. Montecito Bank & Trust’s holdings in Masco were worth $989,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MAS. New Covenant Trust Company N.A. bought a new position in shares of Masco during the 1st quarter worth approximately $25,000. Innealta Capital LLC bought a new position in Masco during the second quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Masco in the second quarter valued at $30,000. Larson Financial Group LLC raised its position in shares of Masco by 4,545.5% in the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Masco during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

MAS has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. BMO Capital Markets increased their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. UBS Group upped their price objective on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their target price on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price target on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.96.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Masco Trading Up 0.0 %

Shares of MAS stock opened at $80.24 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a fifty-two week low of $55.09 and a fifty-two week high of $86.70. The company has a market cap of $17.31 billion, a PE ratio of 21.34, a P/E/G ratio of 2.62 and a beta of 1.24. The stock’s fifty day moving average price is $81.71 and its two-hundred day moving average price is $74.77.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. Equities analysts predict that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio is 30.85%.

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.