Masco Co. (NYSE:MAS) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its holdings in Masco Co. (NYSE:MAS) by 69.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,544 shares of the construction company’s stock after acquiring an additional 631 shares during the quarter. Versant Capital Management Inc’s holdings in Masco were worth $112,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Franklin Resources Inc. lifted its position in Masco by 20.6% during the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after acquiring an additional 56,626 shares during the period. Seizert Capital Partners LLC boosted its holdings in shares of Masco by 21.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after acquiring an additional 96,415 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Masco by 11.6% in the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock worth $30,932,000 after acquiring an additional 48,379 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Masco by 14.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock valued at $9,497,000 after purchasing an additional 18,287 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Masco by 22.7% in 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 purchasing an additional 11,525 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MAS shares. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and dropped their target price for the company from $96.00 to $89.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Evercore ISI upped their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Ten 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 has an average rating of “Hold” and a consensus price target of $85.88.

Masco Stock Performance

NYSE:MAS opened at $72.20 on Friday. Masco Co. has a twelve month low of $63.60 and a twelve month high of $86.70. The company has a market cap of $15.58 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.55 and a beta of 1.25. 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 company’s 50-day moving average price is $78.06 and its 200-day moving average price is $77.10.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate 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 analysts’ expectations of $2 billion. During the same period in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 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.