Masco Co. (NYSE:MAS) Shares Acquired by Atria Investments Inc

Atria Investments Inc raised its stake in shares of Masco Co. (NYSE:MAS) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,812 shares of the construction company’s stock after buying an additional 6,483 shares during the period. Atria Investments Inc’s holdings in Masco were worth $6,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Masco in the first quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in Masco during the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of Masco during the 2nd quarter valued at $30,000. Capital Performance Advisors LLP bought a new stake in shares of Masco in the 3rd quarter worth $38,000. Finally, LRI Investments LLC acquired a new stake in shares of Masco in the first quarter valued at $44,000. 93.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MAS has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Loop Capital increased 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. UBS Group lifted their price target on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Barclays raised their price objective on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and an average target price of $85.96.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Masco Stock Down 0.2 %

Shares of Masco stock opened at $80.77 on Tuesday. Masco Co. has a 1 year low of $55.43 and a 1 year high of $86.70. The company has a market cap of $17.43 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock has a 50-day moving average price of $81.76 and a 200 day moving average price of $74.96.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

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.