Train Babcock Advisors LLC Has $6.28 Million Position in Masco Corp (MAS)
Train Babcock Advisors LLC lowered its position in Masco Corp (NYSE:MAS) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,865 shares of the construction company’s stock after selling 10,830 shares during the period. Masco comprises about 2.8% of Train Babcock Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Train Babcock Advisors LLC’s holdings in Masco were worth $6,278,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of MAS. Mckinley Capital Management LLC Delaware purchased a new position in Masco during the second quarter valued at $101,000. YorkBridge Wealth Partners LLC lifted its position in Masco by 4.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after purchasing an additional 127 shares in the last quarter. Advisory Services Network LLC lifted its position in Masco by 27.6% during the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares in the last quarter. Fiduciary Trust Co. purchased a new position in Masco during the second quarter valued at $166,000. Finally, Commonwealth Bank of Australia lifted its position in Masco by 1.6% during the second quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after purchasing an additional 89 shares in the last quarter. 88.93% of the stock is owned by institutional investors.
Shares of Masco Corp (NYSE MAS) traded up $0.76 during trading on Wednesday, hitting $45.43. The stock had a trading volume of 3,414,000 shares, compared to its average volume of 2,927,383. Masco Corp has a fifty-two week low of $31.29 and a fifty-two week high of $45.55. The stock has a market capitalization of $14,290.00, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.58. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be given a $0.105 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 0.92%. Masco’s payout ratio is 24.85%.
MAS has been the topic of several analyst reports. Zacks Investment Research upgraded Masco from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. Wells Fargo & Co downgraded Masco from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Wednesday, October 25th. Royal Bank of Canada lifted their target price on Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.47.
In other news, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the transaction, the chief financial officer now directly owns 391,443 shares in the company, valued at $15,591,174.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the completion of the transaction, the vice president now owns 101,681 shares in the company, valued at $4,074,357.67. The disclosure for this sale can be found here. Insiders sold 88,961 shares of company stock worth $3,537,891 over the last 90 days. Company insiders own 1.30% of the company’s stock.
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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