Versant Capital Management Inc Grows Position in Masco Co. (NYSE:MAS)

Versant Capital Management Inc boosted its stake in Masco Co. (NYSE:MAS) by 69.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,544 shares of the construction company’s stock after buying an additional 631 shares during the period. Versant Capital Management Inc’s holdings in Masco were worth $112,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of Masco in the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC purchased a new stake in Masco during the third quarter worth about $43,000. Venturi Wealth Management LLC increased its stake in Masco by 59.4% during 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. Covestor Ltd lifted its holdings in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Masco in the 3rd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS opened at $72.20 on Friday. Masco Co. has a 1 year low of $63.60 and a 1 year high of $86.70. The stock has a market capitalization of $15.58 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.55 and a beta of 1.25. 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 company’s fifty day moving average is $78.06 and its two-hundred day moving average is $77.10.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $2 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Loop Capital lifted their target price on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and cut their target price for the stock from $96.00 to $89.00 in a research note on Monday, December 16th. UBS Group boosted their price target on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial increased their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.88.

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.