Mount Yale Investment Advisors LLC trimmed its position in Masco Corp (NYSE:MAS) by 44.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,700 shares of the construction company’s stock after selling 7,763 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Masco were worth $363,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Banco de Sabadell S.A boosted its stake in Masco by 11.3% in the second quarter. Banco de Sabadell S.A now owns 12,919 shares of the construction company’s stock valued at $482,000 after acquiring an additional 1,312 shares during the period. Suntrust Banks Inc. raised its holdings in shares of Masco by 4.6% during the first quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock valued at $1,423,000 after buying an additional 1,533 shares during the last quarter. Buckingham Capital Management Inc. raised its holdings in shares of Masco by 4.6% during the first quarter. Buckingham Capital Management Inc. now owns 36,712 shares of the construction company’s stock valued at $1,485,000 after buying an additional 1,619 shares during the last quarter. Hills Bank & Trust Co. raised its holdings in shares of Masco by 6.6% during the second quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock valued at $1,008,000 after buying an additional 1,675 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Masco by 3.7% during the first quarter. Xact Kapitalforvaltning AB now owns 47,148 shares of the construction company’s stock valued at $1,907,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Shares of NYSE MAS traded down $0.31 during trading on Friday, hitting $32.29. The company had a trading volume of 6,370,098 shares, compared to its average volume of 3,412,676. The stock has a market capitalization of $11.25 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.99 and a beta of 1.39. Masco Corp has a 52 week low of $31.88 and a 52 week high of $46.44. The company has a debt-to-equity ratio of 23.57, a quick ratio of 1.10 and a current ratio of 1.67.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. Masco had a net margin of 7.41% and a return on equity of 490.27%. Masco’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. On average, research analysts forecast that Masco Corp will post 2.51 earnings per share for the current year.

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, October 11th. 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. Masco’s dividend payout ratio is currently 21.65%.

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

A number of equities research analysts have recently weighed in on the company. Longbow Research cut Masco from a “buy” rating to a “neutral” rating in a report on Friday. Bank of America set a $40.00 price target on Masco and gave the company a “hold” rating in a report on Thursday. Goldman Sachs Group assumed coverage on Masco in a report on Tuesday, October 2nd. They set a “buy” rating and a $49.00 price target on the stock. Evercore ISI raised Masco from an “in-line” rating to an “outperform” rating in a report on Monday, October 1st. Finally, ValuEngine cut Masco from a “hold” rating to a “sell” rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.67.

Masco Company 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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