Creative Planning Sells 2,701 Shares of Masco Co. (NYSE:MAS)

Creative Planning lowered its position in shares of Masco Co. (NYSE:MAS) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,391 shares of the construction company’s stock after selling 2,701 shares during the quarter. Creative Planning’s holdings in Masco were worth $4,146,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in Masco during the first quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in Masco during the second quarter valued at approximately $25,000. Family Firm Inc. purchased a new position in Masco during the second quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 1.1 %

Shares of MAS opened at $82.88 on Friday. The company’s fifty day moving average is $81.22 and its 200 day moving average is $74.28. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $86.70. The stock has a market capitalization of $18.25 billion, a PE ratio of 20.31, a P/E/G ratio of 2.64 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MAS shares. Wells Fargo & Company lifted their price objective on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets lifted their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial lifted their price objective on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird lifted their price objective on shares of Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.75.

Insiders Place Their Bets

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

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.