American National Bank & Trust Lowers Position in Masco Co. (NYSE:MAS)

American National Bank & Trust trimmed its position in shares of Masco Co. (NYSE:MAS - Free Report) by 29.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,361 shares of the construction company's stock after selling 4,421 shares during the quarter. American National Bank & Trust's holdings in Masco were worth $721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Masco by 17.3% during the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after acquiring an additional 133 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of Masco by 1.7% during the fourth quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock valued at $587,000 after purchasing an additional 136 shares during the period. Keybank National Association OH grew its stake in shares of Masco by 3.8% in the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after buying an additional 151 shares during the period. VELA Investment Management LLC increased its position in Masco by 2.5% in the 4th quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company's stock valued at $574,000 after buying an additional 194 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its stake in Masco by 6.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,547 shares of the construction company's stock worth $275,000 after buying an additional 204 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Masco news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MAS. Barclays set a $71.00 price objective on Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Evercore ISI reduced their target price on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company increased their target price on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Robert W. Baird decreased their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and set a $80.00 target price (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $73.63.

Masco Stock Performance

Masco stock traded up $0.86 during mid-day trading on Wednesday, reaching $63.44. The company's stock had a trading volume of 762,713 shares, compared to its average volume of 1,800,594. The company has a market capitalization of $13.38 billion, a P/E ratio of 16.87, a PEG ratio of 1.94 and a beta of 1.23. The firm's fifty day moving average price is $63.04 and its two-hundred day moving average price is $71.45. Masco Co. has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The company's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Sell-side analysts predict that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 23rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio (DPR) is currently 33.88%.

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.