Natixis Advisors LLC Buys 6,876 Shares of Masco Co. (NYSE:MAS)

Natixis Advisors LLC increased its stake in Masco Co. (NYSE:MAS - Free Report) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,201 shares of the construction company's stock after acquiring an additional 6,876 shares during the period. Natixis Advisors LLC owned approximately 0.11% of Masco worth $19,827,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in Masco in the 1st quarter valued at about $25,000. Innealta Capital LLC bought a new stake in shares of Masco in the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in Masco during the second quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV boosted its holdings in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock worth $38,000 after buying an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Masco in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the 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 sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Masco Stock Performance

Masco stock traded up $0.47 during mid-day trading on Wednesday, reaching $76.64. The company had a trading volume of 347,199 shares, compared to its average volume of 1,797,440. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.54 and a beta of 1.24. The company has a 50 day moving average of $81.81 and a 200-day moving average of $75.34. Masco Co. has a 52 week low of $58.89 and a 52 week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its 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 return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business earned $1.00 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.51%. Masco's dividend payout ratio (DPR) is presently 30.85%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Royal Bank of Canada downgraded Masco from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on Masco from $78.00 to $85.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Masco from $89.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Loop Capital raised their target price on shares of Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Finally, Truist Financial upped their price target on Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $85.96.

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.