Masco Co. (NYSE:MAS) Position Cut by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in Masco Co. (NYSE:MAS - Free Report) by 78.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,494 shares of the construction company's stock after selling 67,593 shares during the period. Intech Investment Management LLC's holdings in Masco were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in Masco in the 1st quarter valued at about $25,000. Innealta Capital LLC purchased a new position in shares of Masco during the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in shares of Masco during the 2nd quarter worth about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock worth $38,000 after acquiring an additional 179 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Masco during the 3rd quarter worth about $38,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm's stock in a transaction 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 transaction, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on MAS shares. Evercore ISI increased their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Loop Capital raised 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. Barclays raised their price target on shares of Masco from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, 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. 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 has a consensus rating of "Hold" and a consensus price target of $85.96.

Masco Stock Down 1.8 %

Shares of MAS stock traded down $1.47 during mid-day trading on Tuesday, reaching $80.70. 1,435,945 shares of the company were exchanged, compared to its average volume of 1,798,624. Masco Co. has a fifty-two week low of $58.91 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a market capitalization of $17.41 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.56 and a beta of 1.24. The business's 50 day simple moving average is $81.78 and its 200 day simple moving average is $75.57.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts' consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the company earned $1.00 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. Research analysts predict that Masco Co. will post 4.09 earnings per share for the current 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 paid 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 (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.