Masco Co. (NYSE:MAS) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC raised its position in shares of Masco Co. (NYSE:MAS) by 41.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,055 shares of the construction company’s stock after purchasing an additional 6,154 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Masco were worth $1,767,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Boston Trust Walden Corp increased its holdings in Masco by 28.3% in the 2nd quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company’s stock worth $31,195,000 after buying an additional 103,310 shares during the period. Foster Victor Wealth Advisors LLC boosted its holdings in shares of Masco by 18.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 215,811 shares of the construction company’s stock valued at $14,388,000 after acquiring an additional 34,345 shares during the last quarter. Seizert Capital Partners LLC increased 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 worth $45,364,000 after acquiring an additional 96,415 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Masco by 11.6% during the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock worth $30,932,000 after purchasing an additional 48,379 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Masco by 14.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock valued at $9,497,000 after purchasing an additional 18,287 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MAS shares. Evercore ISI lifted their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird dropped their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Loop Capital raised their price objective on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their target price on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.96.

Masco Stock Down 2.3 %

MAS opened at $79.36 on Wednesday. The company has a market cap of $17.12 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. Masco Co. has a twelve month low of $63.60 and a twelve month high of $86.70. The company has a 50-day moving average price of $81.28 and a 200 day moving average price of $76.36. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Sell-side analysts expect that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.46%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Masco Company 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.