UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in Masco Co. (NYSE:MAS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Masco Co. (NYSE:MAS - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,908,586 shares of the construction company's stock after selling 179,780 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.88% of Masco worth $160,207,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MAS. B. Riley Wealth Advisors Inc. raised its holdings in Masco by 11.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company's stock valued at $522,000 after acquiring an additional 703 shares during the period. Tidal Investments LLC increased its holdings in shares of Masco by 26.1% during the first quarter. Tidal Investments LLC now owns 20,182 shares of the construction company's stock worth $1,590,000 after purchasing an additional 4,183 shares during the period. Swedbank AB bought a new position in shares of Masco during the first quarter worth approximately $8,526,000. Cetera Investment Advisers increased its holdings in shares of Masco by 507.8% during the first quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company's stock worth $2,299,000 after purchasing an additional 24,352 shares during the period. Finally, Cetera Advisors LLC increased its holdings in shares of Masco by 42.0% during the first quarter. Cetera Advisors LLC now owns 11,832 shares of the construction company's stock worth $933,000 after purchasing an additional 3,497 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Masco stock traded up $0.14 during mid-day trading on Friday, reaching $80.56. The company had a trading volume of 684,524 shares, compared to its average volume of 1,471,135. The company has a market cap of $17.38 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.61 and a beta of 1.24. The business has a fifty day simple moving average of $81.66 and a 200 day simple moving average of $75.79. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. Masco Co. has a fifty-two week low of $59.72 and a fifty-two week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced 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 net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm earned $1.00 earnings per share. Masco's quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, November 8th. Masco's dividend payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. 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. Truist Financial increased their price target on shares of Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Royal Bank of Canada lowered shares of Masco from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.96.

Insider Activity

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.