Masco Co. (NYSE:MAS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in Masco Co. (NYSE:MAS - Free Report) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,865 shares of the construction company's stock after selling 13,474 shares during the period. Segall Bryant & Hamill LLC's holdings in Masco were worth $5,613,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently commented on MAS shares. BMO Capital Markets raised their target price on Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Truist Financial lifted their target price on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group upped their price target on Masco from $89.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $85.96.

Masco Price Performance

NYSE MAS traded up $0.68 during mid-day trading on Friday, hitting $79.01. The stock had a trading volume of 1,260,624 shares, compared to its average volume of 1,806,374. The firm's 50 day moving average is $81.76 and its 200 day moving average is $75.46. 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 stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.54 and a beta of 1.24. Masco Co. has a twelve month low of $58.91 and a twelve month high of $86.70.

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, meeting 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 analysts' expectations of $2 billion. During the same period in the prior year, the business earned $1.00 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. Masco's dividend payout ratio is presently 30.85%.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

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.