Landscape Capital Management L.L.C. Sells 19,116 Shares of Masco Co. (NYSE:MAS)

Landscape Capital Management L.L.C. reduced its stake in Masco Co. (NYSE:MAS - Free Report) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,763 shares of the construction company's stock after selling 19,116 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Masco were worth $1,911,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Masco during the first quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Masco during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in Masco during the third quarter worth $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Masco during the 3rd quarter worth $43,000. Institutional investors own 93.91% of the company's stock.

Insiders Place Their Bets

In other 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 value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Masco Price Performance

NYSE MAS traded up $0.68 during trading hours on Friday, hitting $79.01. 1,260,432 shares of the company's stock traded hands, compared to its average volume of 1,799,328. The company has a market capitalization of $17.05 billion, a PE ratio of 21.01, a PEG ratio of 2.47 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. The firm's 50-day moving average is $81.76 and its 200-day moving average is $75.43. Masco Co. has a 52-week low of $58.91 and a 52-week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued 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. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. Equities analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. Masco's dividend payout ratio (DPR) is currently 30.85%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Evercore ISI raised their price objective on Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Truist Financial upped their target price on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, Loop Capital upped their price objective on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $85.96.

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.