Caprock Group LLC Acquires 3,840 Shares of Masco Co. (NYSE:MAS)

Caprock Group LLC grew its holdings in shares of Masco Co. (NYSE:MAS) by 21.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,521 shares of the construction company’s stock after buying an additional 3,840 shares during the period. Caprock Group LLC’s holdings in Masco were worth $1,806,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 shares of Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new position in shares of Masco during the 2nd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV raised its position in shares of Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter worth approximately $38,000. 93.91% of the stock is currently owned by institutional investors.

Insider Transactions at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was 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 $2,896,273.60. This trade represents a 50.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Masco Trading Up 1.1 %

Shares of Masco stock opened at $77.01 on Thursday. Masco Co. has a 1 year low of $58.89 and a 1 year high of $86.70. The firm has a market cap of $16.61 billion, a PE ratio of 20.48, a P/E/G ratio of 2.54 and a beta of 1.24. The stock has a fifty day moving average price of $81.79 and a 200-day moving average price of $75.35. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last posted its quarterly 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. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. Equities research analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. Masco’s payout ratio is 30.85%.

Wall Street Analyst Weigh In

MAS has been the topic of a number of research reports. BMO Capital Markets upped their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Evercore ISI upped their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.96.

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.