Haverford Trust Co Grows Stock Position in Masco Co. (NYSE:MAS)

Haverford Trust Co lifted its stake in Masco Co. (NYSE:MAS) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 460,559 shares of the construction company’s stock after buying an additional 4,368 shares during the period. Haverford Trust Co’s holdings in Masco were worth $38,659,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of Masco by 6.7% in the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after purchasing an additional 128 shares during the last quarter. WCM Investment Management LLC boosted its position in Masco by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after acquiring an additional 132 shares in the last quarter. HB Wealth Management LLC boosted its position in Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after acquiring an additional 142 shares in the last quarter. American National Bank & Trust boosted its position in Masco by 1.0% during the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after acquiring an additional 142 shares in the last quarter. Finally, Hills Bank & Trust Co boosted its position in Masco by 0.7% during the 3rd quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock valued at $1,734,000 after acquiring an additional 144 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Trading Down 2.2 %

Shares of MAS stock opened at $79.01 on Wednesday. The company has a market cap of $17.05 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a fifty day moving average price of $81.78 and a 200-day moving average price of $75.02. Masco Co. has a 1 year low of $55.43 and a 1 year high of $86.70.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. Masco’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Analyst Ratings Changes

MAS has been the topic of several research reports. UBS Group lifted their price objective on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a 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. Loop Capital lifted their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.96.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

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.