The Manufacturers Life Insurance Company Sells 635 Shares of Masco Co. (NYSE:MAS)

The Manufacturers Life Insurance Company trimmed its position in shares of Masco Co. (NYSE:MAS) by 0.5% during the 3rd quarter, Holdings Channel reports. The firm owned 132,912 shares of the construction company’s stock after selling 635 shares during the period. The Manufacturers Life Insurance Company’s holdings in Masco were worth $11,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MAS. Farther Finance Advisors LLC raised its position in shares of Masco by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after buying an additional 128 shares during the last quarter. WCM Investment Management LLC grew its position in shares of Masco by 0.3% during the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after purchasing an additional 132 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Masco by 1.9% in 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 during the last quarter. Empirical Finance LLC lifted its position in shares of Masco by 1.8% in the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock worth $665,000 after buying an additional 137 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after acquiring an additional 142 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

MAS opened at $80.51 on Tuesday. The firm has a market capitalization of $17.37 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24. The business’s 50-day moving average is $81.66 and its two-hundred day moving average is $75.82. Masco Co. has a 1 year low of $61.82 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $1.00 EPS. Masco’s revenue was up .2% on a year-over-year basis. Research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco’s payout ratio is 30.85%.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated 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 completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group increased their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Loop Capital lifted their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Masco presently has a consensus rating of “Hold” and a consensus target price of $85.96.

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.