Kovack Advisors Inc. bought a new stake in shares of Masco Corp (NYSE:MAS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,478 shares of the construction company’s stock, valued at approximately $200,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Acropolis Investment Management LLC acquired a new position in shares of Masco in the 3rd quarter worth approximately $146,000. Capital Investment Advisors LLC acquired a new position in shares of Masco in the 2nd quarter worth approximately $202,000. Point72 Hong Kong Ltd grew its stake in shares of Masco by 8,377.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock worth $209,000 after purchasing an additional 5,529 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of Masco in the 1st quarter worth approximately $226,000. Finally, Atria Investments LLC acquired a new position in shares of Masco in the 3rd quarter worth approximately $207,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MAS opened at $32.29 on Friday. Masco Corp has a one year low of $31.88 and a one year high of $46.44. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.99 and a beta of 1.39. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 23.57.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, July 31st. The construction company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Masco had a return on equity of 490.27% and a net margin of 7.41%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that Masco Corp will post 2.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. This is a boost from Masco’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, October 11th. Masco’s dividend payout ratio (DPR) is presently 21.65%.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. ValuEngine cut shares of Masco from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Royal Bank of Canada assumed coverage on shares of Masco in a research note on Wednesday, June 27th. They issued a “sector perform” rating on the stock. Cfra reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Masco in a research note on Sunday, August 5th. Finally, Bank of America set a $40.00 price objective on shares of Masco and gave the stock a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.67.

In other Masco news, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the transaction, the chief financial officer now directly owns 237,578 shares in the company, valued at $9,253,663.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $39.91, for a total transaction of $51,324.26. Following the completion of the transaction, the insider now owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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