Bridgewater Associates LP Has $4.77 Million Stake in Masco Co. (NYSE:MAS)

Bridgewater Associates LP lessened its position in Masco Co. (NYSE:MAS - Free Report) by 58.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,766 shares of the construction company's stock after selling 78,705 shares during the quarter. Bridgewater Associates LP's holdings in Masco were worth $4,765,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MAS. B. Riley Wealth Advisors Inc. lifted its position in shares of Masco by 11.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company's stock valued at $522,000 after acquiring an additional 703 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Masco by 26.1% in the 1st quarter. Tidal Investments LLC now owns 20,182 shares of the construction company's stock valued at $1,590,000 after acquiring an additional 4,183 shares in the last quarter. Swedbank AB purchased a new stake in shares of Masco in the 1st quarter valued at approximately $8,526,000. Cetera Investment Advisers lifted its position in shares of Masco by 507.8% in the 1st quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company's stock valued at $2,299,000 after acquiring an additional 24,352 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Masco by 42.0% in the 1st quarter. Cetera Advisors LLC now owns 11,832 shares of the construction company's stock valued at $933,000 after acquiring an additional 3,497 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business'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 completion of the transaction, the vice president now directly owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of research analyst reports. Evercore ISI increased their target price on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Truist Financial raised their price target on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price target on shares of Masco from $89.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Masco has a consensus rating of "Hold" and a consensus price target of $85.96.

Masco Price Performance

MAS stock traded up $0.14 during trading on Friday, hitting $80.56. 684,524 shares of the stock traded hands, compared to its average volume of 1,789,307. Masco Co. has a one year low of $59.72 and a one year high of $86.70. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.61 and a beta of 1.24. The company has a 50 day simple moving average of $81.66 and a 200 day simple moving average of $75.76. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $1.00 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared 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 yield of 1.44%. The ex-dividend date was Friday, November 8th. Masco's dividend payout ratio is currently 30.85%.

About Masco

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.