Tectonic Advisors LLC Boosts Stock Holdings in Masco Co. (NYSE:MAS)

Tectonic Advisors LLC increased its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 16.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 83,045 shares of the construction company's stock after acquiring an additional 11,983 shares during the period. Tectonic Advisors LLC's holdings in Masco were worth $6,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAS. New Covenant Trust Company N.A. purchased a new position in Masco during the 1st quarter worth $25,000. Innealta Capital LLC purchased a new position in Masco during the 2nd quarter worth $25,000. Family Firm Inc. purchased a new position in Masco during the 2nd quarter worth $30,000. Larson Financial Group LLC increased its holdings in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock worth $40,000 after purchasing an additional 500 shares during the period. Finally, LRI Investments LLC purchased a new position in Masco during the 1st quarter worth $44,000. 93.91% of the stock is owned by institutional investors.

Masco Stock Performance

Shares of MAS stock traded down $1.62 on Friday, hitting $81.26. The company had a trading volume of 1,567,495 shares, compared to its average volume of 1,800,188. The firm has a market cap of $17.73 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a 50-day moving average price of $81.22 and a 200-day moving average price of $74.28. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. Masco Co. has a twelve month low of $49.24 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the business earned $1.19 EPS. Masco's revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities research analysts predict that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated 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 transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group raised their price objective on Masco from $89.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Robert W. Baird raised their price objective on Masco from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Monday. Barclays raised their price objective on Masco from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Citigroup cut their price target on Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. Finally, Truist Financial lifted their price target on Masco from $81.00 to $84.00 and gave the company a "buy" rating in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.75.

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.