Masco Co. (NYSE:MAS) Holdings Lowered by ClearAlpha Technologies LP

ClearAlpha Technologies LP cut its stake in Masco Co. (NYSE:MAS) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,801 shares of the construction company’s stock after selling 4,349 shares during the period. ClearAlpha Technologies LP’s holdings in Masco were worth $823,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after purchasing an additional 128 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Masco by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after purchasing an additional 132 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Masco by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after purchasing an additional 133 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Masco by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock worth $665,000 after purchasing an additional 137 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in Masco by 3.6% during the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE:MAS opened at $80.56 on Monday. Masco Co. has a 1 year low of $59.72 and a 1 year high of $86.70. The business has a fifty day simple moving average of $81.66 and a 200 day simple moving average of $75.79. 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 has a market cap of $17.38 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.61 and a beta of 1.24.

Masco (NYSE:MAS) last issued its quarterly earnings data 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 analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. As a group, sell-side analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s payout ratio is presently 30.85%.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MAS. BMO Capital Markets upped their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial boosted their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Jefferies Financial Group lifted their target price on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.96.

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.