Stifel Financial Corp Has $20.40 Million Stock Position in Masco Co. (NYSE:MAS)

Stifel Financial Corp boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 25.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,014 shares of the construction company's stock after purchasing an additional 49,588 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Masco worth $20,399,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Masco by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company's stock valued at $170,000 after buying an additional 128 shares during the last quarter. WCM Investment Management LLC raised its stake in Masco by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company's stock valued at $3,756,000 after acquiring an additional 132 shares in the last quarter. Metis Global Partners LLC boosted its position in Masco by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company's stock worth $590,000 after acquiring an additional 133 shares during the period. Empirical Finance LLC grew its stake in shares of Masco by 1.8% in the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company's stock worth $665,000 after purchasing an additional 137 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of Masco by 3.6% during the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company's stock valued at $275,000 after purchasing an additional 142 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. Loop Capital increased their target price on shares of Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research 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 company an "overweight" rating in a report on Monday, October 7th. Truist Financial upped their target price on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. UBS Group lifted their price target on Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Masco currently has an average rating of "Hold" and a consensus price target of $85.96.

Masco Trading Down 2.3 %

Shares of MAS traded down $1.89 during midday trading on Tuesday, hitting $79.35. The stock had a trading volume of 1,339,323 shares, compared to its average volume of 1,773,750. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. 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 firm has a market cap of $17.12 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. The business has a 50-day simple moving average of $81.37 and a two-hundred day simple moving average of $76.29.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.98 billion during 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%. Masco's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, equities analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business 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 dividend yield of 1.46%. 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.