Mount Yale Investment Advisors LLC Reduces Stake in Masco Co. (NYSE:MAS)

Mount Yale Investment Advisors LLC decreased its stake in shares of Masco Co. (NYSE:MAS) by 3.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,177 shares of the construction company’s stock after selling 127 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Masco were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tectonic Advisors LLC lifted its holdings in Masco by 16.9% during the 3rd quarter. Tectonic Advisors LLC now owns 83,045 shares of the construction company’s stock worth $6,971,000 after purchasing an additional 11,983 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Masco in the 3rd quarter valued at about $206,000. Assenagon Asset Management S.A. raised its holdings in shares of Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after acquiring an additional 895,950 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Masco by 3.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 48,426 shares of the construction company’s stock valued at $4,065,000 after acquiring an additional 1,478 shares in the last quarter. Finally, Grimes & Company Inc. purchased a new stake in shares of Masco in the 3rd quarter valued at about $219,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the topic of several recent analyst reports. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Robert W. Baird raised their price target on Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, October 21st. BMO Capital Markets raised their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Citigroup reduced their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Finally, Jefferies Financial Group increased their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and an average price target of $81.75.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction that occurred on 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 sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Masco Price Performance

MAS opened at $81.26 on Monday. The stock’s 50 day simple moving average is $81.33 and its 200 day simple moving average is $74.29. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco Co. has a 1 year low of $49.24 and a 1 year high of $86.70. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.19 EPS. As a group, analysts predict that Masco Co. will post 4.1 earnings per share for the current year.

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.