Manning & Napier Advisors LLC Has $80.83 Million Stake in Masco Co. (NYSE:MAS)

Manning & Napier Advisors LLC reduced its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,113,827 shares of the construction company's stock after selling 68,868 shares during the quarter. Manning & Napier Advisors LLC owned about 0.52% of Masco worth $80,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of Masco in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco during the 3rd quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco during the 3rd quarter valued at $43,000. Venturi Wealth Management LLC grew its holdings in shares of Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock worth $50,000 after acquiring an additional 222 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company's stock worth $57,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MAS shares. Robert W. Baird dropped their target price on shares of Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut Masco from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price target on Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Truist Financial raised their price target on shares of Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $86.27.

Masco Stock Performance

Shares of NYSE:MAS traded up $1.43 on Thursday, hitting $81.12. The company had a trading volume of 1,152,497 shares, compared to its average volume of 1,323,921. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 2.36 and a beta of 1.25. 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 Co. has a 1-year low of $63.81 and a 1-year high of $86.70. The stock has a 50 day moving average price of $76.98 and a 200 day moving average price of $78.37.

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

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.