Yacktman Asset Management LP Has $26.06 Million Stock Holdings in Masco Co. (NYSE:MAS)

Yacktman Asset Management LP reduced its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 32.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,455 shares of the construction company's stock after selling 147,893 shares during the quarter. Yacktman Asset Management LP owned about 0.14% of Masco worth $26,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Masco in the 1st quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in Masco in the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Masco in the second quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV grew its position in shares of Masco by 46.0% during the 2nd 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 during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Stock Up 1.2 %

MAS traded up $0.99 on Tuesday, hitting $81.78. 891,610 shares of the company were exchanged, compared to its average volume of 1,805,239. Masco Co. has a twelve month low of $54.55 and a twelve month 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 company has a market cap of $17.64 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The firm has a 50-day moving average price of $81.60 and a two-hundred day moving average price of $74.62.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The firm 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, equities analysts predict that Masco Co. will post 4.1 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, November 8th. Masco's payout ratio is currently 30.85%.

Analyst Ratings Changes

A number of brokerages have commented on MAS. Truist Financial increased their price target on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Loop Capital increased their price target on Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Evercore ISI increased their target price on Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Masco presently has an average rating of "Hold" and a consensus target price of $85.96.

Insiders Place Their Bets

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

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.