Masco Co. (NYSE:MAS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in Masco Co. (NYSE:MAS) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,865 shares of the construction company’s stock after selling 13,474 shares during the period. Segall Bryant & Hamill LLC’s holdings in Masco were worth $5,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MAS. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Masco in the first quarter valued at approximately $264,000. Natixis purchased a new position in shares of Masco in the 1st quarter valued at $196,000. Toronto Dominion Bank raised its stake in Masco by 16.9% during the 1st quarter. Toronto Dominion Bank now owns 142,652 shares of the construction company’s stock worth $11,252,000 after acquiring an additional 20,666 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Masco by 340.7% in the first quarter. Canada Pension Plan Investment Board now owns 376,400 shares of the construction company’s stock valued at $29,690,000 after acquiring an additional 291,000 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Masco in the first quarter valued at $44,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Trading Up 0.9 %

Shares of MAS stock opened at $79.01 on Friday. The business’s fifty day moving average price is $81.76 and its 200 day moving average price is $75.43. The firm has a market capitalization of $17.05 billion, a PE ratio of 21.01, a P/E/G ratio of 2.47 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco Co. has a 1-year low of $58.91 and a 1-year high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is currently 30.85%.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

MAS has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, Truist Financial lifted their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Company Profile

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.