Principal Financial Group Inc. grew its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,155 shares of the construction company's stock after purchasing an additional 7,089 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Masco worth $22,089,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MAS. Franklin Resources Inc. increased its position in Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock worth $28,147,000 after acquiring an additional 56,626 shares during the period. Seizert Capital Partners LLC boosted its stake in shares of Masco by 21.7% in the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company's stock valued at $45,364,000 after buying an additional 96,415 shares during the period. Hsbc Holdings PLC increased its stake in Masco by 11.6% during the 2nd quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company's stock worth $30,932,000 after acquiring an additional 48,379 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Masco by 14.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company's stock valued at $9,497,000 after acquiring an additional 18,287 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Masco during the second quarter worth about $159,000. Institutional investors and hedge funds own 93.91% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on MAS shares. Loop Capital upped their price target on shares of Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Wells Fargo & Company restated an "equal weight" rating and set a $85.00 target price (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on Masco from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their target price on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $85.88.
Check Out Our Latest Research Report on MAS
Masco Trading Down 0.4 %
Shares of Masco stock traded down $0.32 during midday trading on Thursday, reaching $73.81. The company had a trading volume of 688,369 shares, compared to its average volume of 1,761,466. The firm has a market cap of $15.92 billion, a PE ratio of 19.63, a P/E/G ratio of 2.55 and a beta of 1.23. The stock has a fifty day moving average price of $79.33 and a 200 day moving average price of $76.89. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70.
Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $1.00 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.
Masco Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, November 8th. Masco's payout ratio is currently 30.85%.
About Masco
(
Free Report)
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.
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