Daiwa Securities Group Inc. Acquires 2,911 Shares of Masco Co. (NYSE:MAS)

Daiwa Securities Group Inc. raised its holdings in shares of Masco Co. (NYSE:MAS) by 12.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,854 shares of the construction company’s stock after acquiring an additional 2,911 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Masco were worth $2,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MAS. Innealta Capital LLC bought a new position in Masco during the second quarter worth $25,000. Family Firm Inc. acquired a new position in Masco in the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV raised its stake in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Masco in the third quarter valued at about $38,000. Finally, LRI Investments LLC raised its stake in Masco by 850.8% in the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after purchasing an additional 536 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.96.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on 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 completion of the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Masco Trading Down 0.4 %

NYSE MAS opened at $80.42 on Friday. 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 Co. has a twelve month low of $58.91 and a twelve month high of $86.70. The firm has a market capitalization of $17.35 billion, a PE ratio of 21.39, a P/E/G ratio of 2.66 and a beta of 1.24. The stock’s 50 day moving average is $81.75 and its 200 day moving average is $75.66.

Masco (NYSE:MAS) last released 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. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal 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 paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s payout ratio is 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.