Masco Co. (NYSE:MAS) Stock Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Masco Co. (NYSE:MAS) by 20.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 331,883 shares of the construction company’s stock after acquiring an additional 56,626 shares during the period. Franklin Resources Inc. owned about 0.15% of Masco worth $28,147,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Seizert Capital Partners LLC lifted its holdings in shares of Masco by 21.7% during the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after purchasing an additional 96,415 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Masco by 11.6% during the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock valued at $30,932,000 after buying an additional 48,379 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Masco by 14.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock worth $9,497,000 after buying an additional 18,287 shares during the period. Rothschild Investment LLC purchased a new position in shares of Masco in the second quarter worth approximately $159,000. Finally, National Bank of Canada FI raised its holdings in shares of Masco by 22.7% during the second quarter. National Bank of Canada FI now owns 62,323 shares of the construction company’s stock valued at $4,033,000 after acquiring an additional 11,525 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Trading Down 3.4 %

Shares of NYSE:MAS opened at $73.96 on Thursday. Masco Co. has a 1 year low of $63.60 and a 1 year high of $86.70. The firm has a fifty day moving average price of $80.62 and a 200 day moving average price of $76.69. 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 stock has a market capitalization of $15.96 billion, a PE ratio of 19.67, a P/E/G ratio of 2.57 and a beta of 1.23.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio is 30.85%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MAS shares. Truist Financial lifted their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. 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 research report on Wednesday, October 30th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets raised their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.88.

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.