Masco Co. (NYSE:MAS) Holdings Raised by Sigma Planning Corp

Sigma Planning Corp grew its position in shares of Masco Co. (NYSE:MAS) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,674 shares of the construction company’s stock after buying an additional 351 shares during the quarter. Sigma Planning Corp’s holdings in Masco were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Masco during the 1st quarter valued at about $25,000. Innealta Capital LLC bought a new position in shares of Masco in the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new position in Masco in the second quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Masco by 46.0% during 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 during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Masco during the 3rd quarter worth about $38,000. 93.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on MAS. Jefferies Financial Group increased their price target on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Truist Financial raised 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. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Robert W. Baird dropped their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.96.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Masco Trading Down 1.0 %

NYSE:MAS opened at $78.42 on Friday. Masco Co. has a 12 month low of $58.89 and a 12 month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The firm’s 50 day moving average is $81.86 and its 200 day moving average is $75.14. The stock has a market capitalization of $16.92 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for 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 company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. Sell-side analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s payout ratio is currently 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.