Transamerica Financial Advisors Inc. Purchases Shares of 1,245 Masco Co. (NYSE:MAS)

Transamerica Financial Advisors Inc. purchased a new stake in Masco Co. (NYSE:MAS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,245 shares of the construction company’s stock, valued at approximately $105,000.

Other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Masco in the first quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in shares of Masco in the second quarter worth $25,000. Family Firm Inc. bought a new stake in shares of Masco in the second quarter worth $30,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Masco in the third quarter worth $38,000. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

NYSE:MAS opened at $80.41 on Thursday. Masco Co. has a one year low of $58.91 and a one year high of $86.70. The company has a market cap of $17.35 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.66 and a beta of 1.24. The firm’s fifty day moving average price is $81.77 and its two-hundred day moving average price is $75.63. 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 (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $1.00 earnings per share. Masco’s revenue was up .2% compared to the same quarter last year. Equities analysts expect 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 paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. Masco’s dividend payout ratio (DPR) is presently 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 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 approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Jefferies Financial Group boosted their price objective on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Truist Financial upped 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 upped 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. Finally, Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.96.

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.