Masco Co. (NYSE:MAS) Position Trimmed by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA decreased its position in shares of Masco Co. (NYSE:MAS) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,253 shares of the construction company’s stock after selling 1,377 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Masco were worth $2,959,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Masco during the first quarter valued at $25,000. Innealta Capital LLC acquired a new stake in Masco in the second quarter worth about $25,000. Family Firm Inc. acquired a new stake in Masco in the second quarter worth about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in 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 period. Finally, Capital Performance Advisors LLP acquired a new stake in Masco in the third quarter worth about $38,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MAS shares. Wells Fargo & Company upped their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Truist Financial increased their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Masco has an average rating of “Hold” and an average target price of $85.96.

Masco Price Performance

Masco stock opened at $78.42 on Monday. Masco Co. has a 12 month low of $58.89 and a 12 month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $16.92 billion, a PE ratio of 20.86, a P/E/G ratio of 2.54 and a beta of 1.24. The stock has a 50-day moving average price of $81.86 and a two-hundred day moving average price of $75.23.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (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 company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Analysts expect that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

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.