Masco Co. (NYSE:MAS) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC trimmed its stake in shares of Masco Co. (NYSE:MAS) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,369 shares of the construction company’s stock after selling 168 shares during the quarter. Avior Wealth Management LLC’s holdings in Masco were worth $199,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Manning & Napier Advisors LLC purchased a new stake in shares of Masco during the second quarter worth approximately $82,363,000. Assenagon Asset Management S.A. increased its position 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 purchasing an additional 895,950 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock valued at $121,581,000 after purchasing an additional 728,690 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Masco by 86.5% during the 2nd quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock worth $42,318,000 after purchasing an additional 294,409 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Masco by 340.7% during the first quarter. Canada Pension Plan Investment Board now owns 376,400 shares of the construction company’s stock worth $29,690,000 after purchasing an additional 291,000 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird lowered their price target on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Truist Financial raised their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $79.00 to $80.00 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.96.

Insiders Place Their Bets

In related 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 $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Masco Trading Up 0.9 %

Shares of MAS stock opened at $79.01 on Friday. The company has a market capitalization of $17.05 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.54 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 business’s 50 day moving average is $81.76 and its two-hundred day moving average is $75.46. Masco Co. has a twelve month low of $58.91 and a twelve month high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the company posted $1.00 EPS. Masco’s revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed 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 1.47%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio 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.