McAdam LLC Takes $208,000 Position in Masco Co. (NYSE:MAS)

McAdam LLC bought a new stake in Masco Co. (NYSE:MAS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,483 shares of the construction company’s stock, valued at approximately $208,000.

Other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Masco in the 1st quarter valued at $25,000. Innealta Capital LLC acquired a new position in Masco in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in Masco in the 2nd quarter valued at $30,000. Massmutual Trust Co. FSB ADV increased its stake in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 shares during the period. Finally, Larson Financial Group LLC increased its stake in Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after buying an additional 500 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on MAS shares. Jefferies Financial Group boosted their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Citigroup lowered their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Truist Financial upped their price target on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their price target on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, 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 note on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.75.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Masco Trading Down 2.0 %

Shares of MAS stock opened at $81.26 on Friday. The firm has a market cap of $17.73 billion, a P/E ratio of 19.87, a PEG ratio of 2.78 and a beta of 1.24. Masco Co. has a 1-year low of $49.24 and a 1-year high of $86.70. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The firm’s 50-day simple moving average is $81.33 and its 200-day simple moving average is $74.31.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 EPS. As a group, equities analysts forecast that Masco Co. will post 4.1 EPS for the current year.

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.