Natixis Advisors L.P. Reduces Position in Masco Co. (NYSE:MAS)

Natixis Advisors L.P. lessened its stake in shares of Masco Co. (NYSE:MASGet Rating) by 32.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,015 shares of the construction company’s stock after selling 75,174 shares during the quarter. Natixis Advisors L.P. owned approximately 0.07% of Masco worth $8,059,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Hills Bank & Trust Co boosted its stake in shares of Masco by 0.7% during the first quarter. Hills Bank & Trust Co now owns 33,083 shares of the construction company’s stock valued at $1,687,000 after purchasing an additional 218 shares during the period. Camden Capital LLC boosted its stake in shares of Masco by 3.0% during the fourth quarter. Camden Capital LLC now owns 7,886 shares of the construction company’s stock valued at $554,000 after purchasing an additional 228 shares during the period. Xponance Inc. boosted its stake in shares of Masco by 1.5% during the first quarter. Xponance Inc. now owns 15,580 shares of the construction company’s stock valued at $795,000 after purchasing an additional 228 shares during the period. Tobam boosted its stake in shares of Masco by 26.9% during the first quarter. Tobam now owns 1,129 shares of the construction company’s stock valued at $58,000 after purchasing an additional 239 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Masco by 2.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 8,480 shares of the construction company’s stock valued at $432,000 after acquiring an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other Masco news, CEO Keith J. Allman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $52.02, for a total value of $520,200.00. Following the transaction, the chief executive officer now directly owns 288,295 shares of the company’s stock, valued at $14,997,105.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Keith J. Allman sold 10,000 shares of Masco stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $52.02, for a total transaction of $520,200.00. Following the transaction, the chief executive officer now directly owns 288,295 shares of the company’s stock, valued at approximately $14,997,105.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles K. Stevens III sold 7,000 shares of Masco stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $56.38, for a total value of $394,660.00. Following the transaction, the director now directly owns 10,160 shares in the company, valued at $572,820.80. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Masco Trading Down 1.8 %

Masco stock opened at $49.86 on Friday. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. Masco Co. has a one year low of $46.27 and a one year high of $71.06. The stock has a market capitalization of $11.24 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.22. The business’s fifty day moving average is $53.27 and its 200 day moving average is $53.59.

Masco (NYSE:MASGet Rating) last announced its earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.05). The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. On average, sell-side analysts predict that Masco Co. will post 4.17 EPS for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Friday, August 12th were given a $0.28 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.12 annualized dividend and a yield of 2.25%. Masco’s payout ratio is 31.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company upped their target price on Masco from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, August 1st. BMO Capital Markets decreased their target price on Masco from $68.00 to $60.00 in a report on Monday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Masco in a report on Wednesday, August 17th. They issued a “hold” rating and a $61.00 price objective for the company. UBS Group decreased their price objective on Masco from $81.00 to $76.00 and set a “buy” rating for the company in a report on Friday, July 29th. Finally, Barclays decreased their price objective on Masco from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.93.

About Masco

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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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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