Thrivent Financial for Lutherans Has $17.62 Million Holdings in Masco Co. (NYSE:MAS)

Thrivent Financial for Lutherans grew its holdings in Masco Co. (NYSE:MAS - Free Report) by 190.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,867 shares of the construction company's stock after purchasing an additional 137,722 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Masco worth $17,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Claro Advisors LLC boosted its holdings in shares of Masco by 4.2% during the third quarter. Claro Advisors LLC now owns 12,931 shares of the construction company's stock worth $1,085,000 after purchasing an additional 522 shares during the period. Atlanta Consulting Group Advisors LLC lifted its position in Masco by 0.8% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 24,982 shares of the construction company's stock worth $2,097,000 after buying an additional 197 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in shares of Masco by 21.7% during the 3rd 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. Natixis Advisors LLC grew its holdings in shares of Masco by 3.0% during the 3rd quarter. Natixis Advisors LLC now owns 236,201 shares of the construction company's stock valued at $19,827,000 after acquiring an additional 6,876 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Masco by 21.5% in the third quarter. Empowered Funds LLC now owns 26,415 shares of the construction company's stock worth $2,217,000 after acquiring an additional 4,668 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analyst Weigh In

MAS has been the topic of a number of recent research reports. Truist Financial boosted their target price on Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price target on Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Loop Capital boosted their target price on shares of Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $85.96.

Masco Stock Up 1.1 %

Shares of MAS stock opened at $77.01 on Thursday. Masco Co. has a 12 month low of $58.89 and a 12 month high of $86.70. 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 $16.61 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.54 and a beta of 1.24. The stock has a 50 day moving average of $81.79 and a 200-day moving average of $75.35.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting 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 net margin of 10.54% and a return on equity of 615.54%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. On average, equities analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.51%. Masco's dividend payout ratio is 30.85%.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company's stock in a transaction on 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 directly 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 SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.