Arbor Trust Wealth Advisors LLC Decreases Position in Masco Co. (NYSE:MAS)

Arbor Trust Wealth Advisors LLC reduced its stake in shares of Masco Co. (NYSE:MAS) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,620 shares of the construction company’s stock after selling 655 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Masco were worth $263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. ORG Wealth Partners LLC purchased a new position in Masco in the 4th quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco in the third quarter worth about $38,000. Ashton Thomas Securities LLC purchased a new position in Masco in the third quarter valued at about $43,000. Venturi Wealth Management LLC grew its stake in Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after purchasing an additional 312 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Shares of MAS opened at $78.29 on Friday. 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 company has a market cap of $16.89 billion, a P/E ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The stock has a fifty day moving average price of $76.79 and a 200 day moving average price of $77.63.

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, hitting analysts’ consensus estimates 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, research analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. Masco’s dividend payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MAS shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $85.00 target price (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and cut their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada downgraded 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 report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $86.27.

Masco Company 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.