Algert Global LLC Buys New Position in Masco Co. (NYSE:MAS)

Algert Global LLC purchased a new position in shares of Masco Co. (NYSE:MAS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,598 shares of the construction company’s stock, valued at approximately $470,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in Masco in the 2nd quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in shares of Masco in the second quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in Masco in the third quarter valued at $38,000. Ashton Thomas Securities LLC purchased a new position in Masco during the third quarter worth about $43,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after buying an additional 179 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MAS has been the topic of several recent analyst reports. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Truist Financial upped their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, UBS Group lifted their price objective on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.96.

Masco Stock Performance

Shares of MAS stock opened at $80.56 on Friday. The company’s fifty day moving average price is $81.66 and its two-hundred day moving average price is $75.76. 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 firm has a market capitalization of $17.38 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.61 and a beta of 1.24. Masco Co. has a 12 month low of $59.72 and a 12 month high of $86.70.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. 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.