Amalgamated Bank lessened its position in Masco Co. (NYSE:MAS - Free Report) by 24.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,722 shares of the construction company's stock after selling 14,227 shares during the quarter. Amalgamated Bank's holdings in Masco were worth $3,754,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in shares of Masco in the 2nd quarter worth about $82,363,000. Assenagon Asset Management S.A. increased its stake in shares of Masco by 956.3% during the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company's stock valued at $83,070,000 after purchasing an additional 895,950 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Masco by 66.5% during the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company's stock valued at $121,581,000 after purchasing an additional 728,690 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company's stock worth $2,074,591,000 after purchasing an additional 721,117 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Masco by 55.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,538,952 shares of the construction company's stock worth $121,391,000 after buying an additional 551,203 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.
NYSE MAS opened at $80.97 on Friday. The stock's 50-day moving average price is $81.74 and its 200-day moving average price is $74.83. The company has a market capitalization of $17.47 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a 52 week low of $55.13 and a 52 week high of $86.70.
Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts' consensus estimates of $1.08. The company 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 firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS. On average, equities research analysts predict that Masco Co. will post 4.1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.43%. Masco's payout ratio is presently 30.85%.
In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.
Several research firms have commented on MAS. Barclays boosted 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. BMO Capital Markets upped their price target on Masco from $78.00 to $85.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on Masco from $80.00 to $83.50 and gave the stock a "neutral" rating in a research report on Tuesday. Robert W. Baird dropped their price target on shares of Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.96.
Get Our Latest Stock Report on MAS
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.
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