Masco Co. (NYSE:MAS) Stake Reduced by Claro Advisors LLC

Claro Advisors LLC cut its position in shares of Masco Co. (NYSE:MAS) by 86.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,710 shares of the construction company’s stock after selling 10,699 shares during the period. Claro Advisors LLC’s holdings in Masco were worth $144,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Masco by 14.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after buying an additional 67,806 shares in the last quarter. Quantbot Technologies LP acquired a new position in Masco in the first quarter worth approximately $1,903,000. Manning & Napier Advisors LLC bought a new position in Masco during the second quarter valued at approximately $82,363,000. Vanguard Group Inc. raised its position in Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after acquiring an additional 721,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Masco by 119.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock valued at $22,885,000 after acquiring an additional 157,711 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAS has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BMO Capital Markets upped their price target on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Truist Financial raised their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their target price on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group increased their price target on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.58.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Masco Stock Up 0.3 %

MAS opened at $85.71 on Monday. Masco Co. has a 1-year low of $47.66 and a 1-year high of $86.70. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.64 and a beta of 1.24. The business has a 50 day moving average of $80.57 and a 200-day moving average of $74.10.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. As a group, sell-side analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.35%. Masco’s dividend payout ratio (DPR) is currently 28.43%.

Masco 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.