Masco Co. (NYSE:MAS) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in shares of Masco Co. (NYSE:MAS) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,892 shares of the construction company’s stock after selling 3,284 shares during the quarter. Pathstone Holdings LLC’s holdings in Masco were worth $2,509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MAS. Massachusetts Financial Services Co. MA boosted its position in shares of Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock valued at $655,414,000 after purchasing an additional 181,515 shares during the period. Van ECK Associates Corp increased its position in shares of Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock worth $241,825,000 after acquiring an additional 26,259 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Masco by 10.0% during the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after acquiring an additional 259,205 shares during the period. Acadian Asset Management LLC lifted its position 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 acquiring an additional 728,690 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Masco by 15.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company’s stock worth $117,265,000 after purchasing an additional 238,512 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MAS shares. Truist Financial increased their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays increased their price target on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Masco currently has a consensus rating of “Hold” and an average price target of $85.96.

Masco Price Performance

NYSE MAS opened at $82.16 on Tuesday. Masco Co. has a fifty-two week low of $58.91 and a fifty-two week high of $86.70. The stock’s 50-day moving average is $81.78 and its two-hundred day moving average is $75.57. The firm has a market cap of $17.73 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. 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 issued its quarterly earnings data 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 return on equity of 615.54% and a net margin of 10.54%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. On average, analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

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.