Masco Co. (NYSE:MAS) Stock Holdings Lifted by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of Masco Co. (NYSE:MAS) by 21.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,415 shares of the construction company’s stock after buying an additional 4,668 shares during the period. Empowered Funds LLC’s holdings in Masco were worth $2,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Finance LLC boosted its position in Masco by 1.8% during the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock worth $665,000 after acquiring an additional 137 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Masco by 6.7% in the 3rd quarter. CIBC Asset Management Inc now owns 32,765 shares of the construction company’s stock worth $2,750,000 after acquiring an additional 2,067 shares during the period. OneDigital Investment Advisors LLC bought a new position in shares of Masco in the third quarter valued at approximately $292,000. ING Groep NV increased its stake in shares of Masco by 70.4% during the third quarter. ING Groep NV now owns 50,489 shares of the construction company’s stock valued at $4,238,000 after acquiring an additional 20,852 shares during the period. Finally, Metis Global Partners LLC raised its holdings in Masco by 1.9% during the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated 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. The trade was a 50.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAS shares. Truist Financial boosted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI raised their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Robert W. Baird dropped their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted 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. Finally, Loop Capital raised their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Masco has a consensus rating of “Hold” and an average price target of $85.96.

Masco Stock Performance

Shares of NYSE MAS opened at $77.01 on Thursday. Masco Co. has a one year low of $58.89 and a one year high of $86.70. The business’s 50-day moving average price is $81.79 and its two-hundred day moving average price is $75.35. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The company has a market capitalization of $16.61 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.54 and a beta of 1.24.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting 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 net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. Analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal 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 issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio (DPR) is currently 30.85%.

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.