Arrow Financial Corp Has $4.26 Million Stock Position in Masco Co. (NYSE:MAS)

Arrow Financial Corp cut its holdings in Masco Co. (NYSE:MAS) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 50,714 shares of the construction company’s stock after selling 2,848 shares during the quarter. Arrow Financial Corp’s holdings in Masco were worth $4,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norden Group LLC acquired a new position in shares of Masco during the 1st quarter valued at $389,000. Janney Montgomery Scott LLC boosted its position in shares of Masco by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,215 shares of the construction company’s stock worth $1,279,000 after purchasing an additional 183 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Masco by 3.4% in the 1st quarter. Empirical Finance LLC now owns 8,465 shares of the construction company’s stock valued at $668,000 after buying an additional 276 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Masco by 93.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 47,241 shares of the construction company’s stock valued at $3,726,000 after buying an additional 22,836 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Masco during the 1st quarter worth approximately $476,000. 93.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MAS has been the subject of several recent research reports. Robert W. Baird decreased their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Truist Financial raised their price objective 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. UBS Group boosted their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.96.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Masco Trading Up 1.2 %

NYSE MAS opened at $80.95 on Friday. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.60 and a beta of 1.24. The business’s fifty day moving average is $81.74 and its 200-day moving average is $74.85. 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 Co. has a one year low of $55.13 and a one year high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting 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 analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts predict that Masco Co. will post 4.1 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio (DPR) is 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.