Vinva Investment Management Ltd Trims Stock Position in Masco Co. (NYSE:MAS)

Vinva Investment Management Ltd lessened its position in Masco Co. (NYSE:MAS - Free Report) by 90.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,120 shares of the construction company's stock after selling 96,440 shares during the period. Vinva Investment Management Ltd's holdings in Masco were worth $846,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. boosted its position in Masco by 11.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company's stock valued at $522,000 after buying an additional 703 shares in the last quarter. Tidal Investments LLC raised its position in shares of Masco by 26.1% in the 1st quarter. Tidal Investments LLC now owns 20,182 shares of the construction company's stock worth $1,590,000 after acquiring an additional 4,183 shares in the last quarter. Swedbank AB purchased a new stake in Masco during the 1st quarter valued at about $8,526,000. Cetera Investment Advisers boosted its position in Masco by 507.8% in 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 last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Masco by 42.0% in the first quarter. Cetera Advisors LLC now owns 11,832 shares of the construction company's stock valued at $933,000 after acquiring an additional 3,497 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Truist Financial raised their price objective on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their price target on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Finally, Loop Capital lifted their price target on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Masco presently has an average rating of "Hold" and an average target price of $85.96.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Masco Trading Up 0.2 %

Shares of Masco stock traded up $0.14 during trading hours on Friday, reaching $80.56. The stock had a trading volume of 684,524 shares, compared to its average volume of 1,471,135. The firm has a 50 day simple moving average of $81.66 and a two-hundred day simple moving average of $75.79. Masco Co. has a 1 year low of $59.72 and a 1 year high of $86.70. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.61 and a beta of 1.24. 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 (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. As a group, equities research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.44%. Masco's dividend payout ratio (DPR) is presently 30.85%.

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.