Raymond James & Associates Has $33.75 Million Holdings in Masco Co. (NYSE:MAS)

Raymond James & Associates reduced its stake in shares of Masco Co. (NYSE:MAS) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,095 shares of the construction company’s stock after selling 13,718 shares during the quarter. Raymond James & Associates owned 0.18% of Masco worth $33,752,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after buying an additional 721,117 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock valued at $655,414,000 after buying an additional 181,515 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Masco by 0.3% in the 2nd quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock valued at $194,985,000 after buying an additional 9,094 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after buying an additional 259,205 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in shares of Masco by 16.6% in the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after buying an additional 319,029 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MAS shares. Citigroup dropped their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Jefferies Financial Group increased their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their target price on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Truist Financial increased their target price on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird increased their target price on shares of Masco from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.75.

Masco Stock Down 0.3 %

Shares of NYSE:MAS opened at $81.98 on Thursday. Masco Co. has a 12 month low of $47.66 and a 12 month high of $86.70. The company’s 50-day moving average price is $80.97 and its two-hundred day moving average price is $74.16. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The firm has a market cap of $18.06 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.64 and a beta of 1.24.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. As a group, research analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

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.