OneDigital Investment Advisors LLC Purchases Shares of 3,476 Masco Co. (NYSE:MAS)

OneDigital Investment Advisors LLC purchased a new position in shares of Masco Co. (NYSE:MAS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 3,476 shares of the construction company’s stock, valued at approximately $292,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in shares of Masco by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after acquiring an additional 128 shares in the last quarter. WCM Investment Management LLC boosted its holdings in Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after purchasing an additional 132 shares during the period. Metis Global Partners LLC grew its position in shares of Masco by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after buying an additional 133 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Masco by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares during the last quarter. Finally, American National Bank & Trust boosted its holdings in shares of Masco by 1.0% during the third quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after acquiring an additional 142 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $78.41 on Friday. The firm has a fifty day simple moving average of $81.78 and a 200 day simple moving average of $75.37. Masco Co. has a twelve month low of $58.89 and a twelve month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $16.92 billion, a PE ratio of 20.85, a P/E/G ratio of 2.47 and a beta of 1.24.

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

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is 30.85%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays increased their target price on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird dropped their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Loop Capital raised their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI boosted their target price on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.