Masco Co. (NYSE:MAS) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC trimmed its holdings in shares of Masco Co. (NYSE:MAS) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,571 shares of the construction company’s stock after selling 1,137 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Masco were worth $2,920,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board increased its stake in Masco by 1.2% during the second quarter. New Mexico Educational Retirement Board now owns 17,121 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 200 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in Masco by 1.8% during the first quarter. Verdence Capital Advisors LLC now owns 11,738 shares of the construction company’s stock valued at $703,000 after purchasing an additional 203 shares during the last quarter. Hallmark Capital Management Inc. increased its stake in Masco by 2.2% during the second quarter. Hallmark Capital Management Inc. now owns 9,813 shares of the construction company’s stock valued at $578,000 after purchasing an additional 213 shares during the last quarter. CSat Investment Advisory L.P. increased its stake in Masco by 30.5% during the first quarter. CSat Investment Advisory L.P. now owns 988 shares of the construction company’s stock valued at $59,000 after purchasing an additional 231 shares during the last quarter. Finally, Cigna Investments Inc. New increased its stake in Masco by 2.7% during the first quarter. Cigna Investments Inc. New now owns 9,289 shares of the construction company’s stock valued at $556,000 after purchasing an additional 243 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

MAS traded up $0.01 on Wednesday, reaching $58.97. The company had a trading volume of 28,824 shares, compared to its average volume of 1,997,510. The company has a fifty day moving average of $60.06 and a 200-day moving average of $60.20. The company has a market capitalization of $14.58 billion, a P/E ratio of 29.63 and a beta of 1.30. The company has a current ratio of 1.83, a quick ratio of 1.26 and a debt-to-equity ratio of 49.17. Masco Co. has a one year low of $51.53 and a one year high of $68.54.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 29th. The construction company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.10. Masco had a net margin of 6.61% and a return on equity of 379.98%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Research analysts predict that Masco Co. will post 3.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 30th. Shareholders of record on Friday, August 13th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Thursday, August 12th. Masco’s payout ratio is 30.13%.

In other Masco news, CEO Keith J. Allman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 14th. The shares were sold at an average price of $58.28, for a total value of $582,800.00. Following the completion of the sale, the chief executive officer now directly owns 334,701 shares of the company’s stock, valued at approximately $19,506,374.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on MAS. Loop Capital lowered their price target on shares of Masco from $67.00 to $63.00 and set a “hold” rating for the company in a research report on Wednesday, July 7th. TheStreet lowered shares of Masco from a “b” rating to a “c+” rating in a research report on Friday, May 21st. JPMorgan Chase & Co. lowered shares of Masco from a “neutral” rating to an “underweight” rating and set a $61.00 price target for the company. in a research report on Wednesday, July 7th. Barclays lowered their price target on shares of Masco from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, July 15th. Finally, Zacks Investment Research upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $66.79.

Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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