Fulton Bank N.A. Sells 185 Shares of Masco Co. (NYSE:MAS)

Fulton Bank N.A. reduced its stake in Masco Co. (NYSE:MAS) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,956 shares of the construction company’s stock after selling 185 shares during the period. Fulton Bank N.A.’s holdings in Masco were worth $752,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Masco by 2.8% in the first 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 during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after acquiring an additional 181,515 shares during the last quarter. Harris Associates L P raised its holdings in shares of Masco by 1.5% during the 4th quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock worth $654,341,000 after acquiring an additional 140,334 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Masco by 0.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock valued at $194,985,000 after acquiring an additional 9,094 shares during the last quarter. Finally, Impax Asset Management Group plc grew its holdings in shares of Masco by 10.0% in the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after purchasing an additional 259,205 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on 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 directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MAS shares. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets increased their price target on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Truist Financial raised their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.42.

Masco Stock Performance

Shares of Masco stock opened at $83.21 on Wednesday. Masco Co. has a 52 week low of $47.66 and a 52 week high of $84.69. The company has a market capitalization of $18.33 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The stock’s fifty day moving average is $78.90 and its two-hundred day moving average is $73.68. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS. As a group, analysts expect that Masco Co. will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.39%. Masco’s payout ratio is 28.43%.

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.