Virtu Financial LLC Takes Position in Masco Co. (NYSE:MAS)

Virtu Financial LLC bought a new stake in shares of Masco Co. (NYSE:MAS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,334 shares of the construction company’s stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC bought a new position in shares of Masco during the 2nd quarter valued at approximately $25,000. Family Firm Inc. bought a new position in Masco in the 2nd quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in Masco in the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC bought a new position in Masco in the 3rd quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC boosted its holdings in Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after buying an additional 222 shares during the period. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAS has been the subject of several analyst reports. UBS Group raised their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised 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. Jefferies Financial Group raised their price objective on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays raised their price objective on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their price target on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Masco has an average rating of “Hold” and an average target price of $87.04.

Masco Stock Performance

Masco stock opened at $78.76 on Monday. The firm’s fifty day moving average price is $81.05 and its 200-day moving average price is $76.59. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock has a market cap of $16.99 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70.

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

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is presently 30.85%.

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.