International Assets Investment Management LLC Grows Position in Masco Co. (NYSE:MAS)

International Assets Investment Management LLC lifted its position in Masco Co. (NYSE:MAS) by 13,069.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,631 shares of the construction company’s stock after purchasing an additional 29,406 shares during the quarter. International Assets Investment Management LLC’s holdings in Masco were worth $2,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Masco by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 539,398 shares of the construction company’s stock worth $42,548,000 after buying an additional 7,064 shares during the period. Norden Group LLC acquired a new stake in Masco in the first quarter valued at approximately $389,000. First Trust Direct Indexing L.P. acquired a new stake in Masco in the first quarter valued at approximately $211,000. Diversify Advisory Services LLC purchased a new position in Masco in the first quarter valued at approximately $221,000. Finally, BNP Paribas Financial Markets increased its stake in Masco by 75.4% in the first quarter. BNP Paribas Financial Markets now owns 387,413 shares of the construction company’s stock valued at $30,559,000 after purchasing an additional 166,489 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Up 0.3 %

Shares of NYSE:MAS opened at $80.18 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.12 and a current ratio of 1.83. Masco Co. has a 1 year low of $53.44 and a 1 year high of $86.70. The stock has a market capitalization of $17.30 billion, a P/E ratio of 21.32, a PEG ratio of 2.58 and a beta of 1.24. The stock has a 50-day simple moving average of $81.60 and a 200-day simple moving average of $74.53.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company posted $1.00 EPS. Masco’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Masco Co. will post 4.1 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is 30.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MAS shares. Loop Capital raised their target price on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial raised their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, BMO Capital Markets boosted their target price on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $84.85.

Insider Buying and Selling at Masco

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 stock was 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 of the company’s stock, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate 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.