Haverford Trust Co Has $38.66 Million Stock Position in Masco Co. (NYSE:MAS)

Haverford Trust Co increased its position in shares of Masco Co. (NYSE:MAS) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 460,559 shares of the construction company’s stock after buying an additional 4,368 shares during the quarter. Haverford Trust Co owned about 0.21% of Masco worth $38,659,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Masco in the first quarter worth approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Masco in the second quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in shares of Masco in the second quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Masco by 46.0% in 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 last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Masco in the third quarter worth approximately $38,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Masco Price Performance

Masco stock opened at $79.01 on Wednesday. Masco Co. has a one year low of $55.43 and a one year high of $86.70. The business has a fifty day moving average price of $81.78 and a 200-day moving average price of $75.02. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a market capitalization of $17.05 billion, a P/E ratio of 21.01, a PEG ratio of 2.62 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. UBS Group increased their price target on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital increased their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.96.

About Masco

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.