Assetmark Inc. Has $106,000 Position in Masco Co. (NYSE:MAS)

Assetmark Inc. increased its holdings in shares of Masco Co. (NYSE:MAS) by 139.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,262 shares of the construction company’s stock after acquiring an additional 736 shares during the quarter. Assetmark Inc.’s holdings in Masco were worth $106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAS. Blair William & Co. IL grew its holdings in Masco by 1.8% in the 1st quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock valued at $751,000 after buying an additional 165 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Masco by 12.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 21,264 shares of the construction company’s stock valued at $1,677,000 after buying an additional 2,275 shares in the last quarter. Intech Investment Management LLC grew its holdings in Masco by 46.5% in the 1st quarter. Intech Investment Management LLC now owns 21,321 shares of the construction company’s stock valued at $1,682,000 after buying an additional 6,765 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Masco by 2.8% during 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 acquiring an additional 721,117 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in shares of Masco by 456.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 14,670 shares of the construction company’s stock valued at $1,157,000 after acquiring an additional 12,032 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAS. Evercore ISI upped their target price on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays upped their target price on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $85.96.

Insider Buying and Selling

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’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 transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Masco Price Performance

Shares of MAS opened at $78.42 on Monday. Masco Co. has a 12-month low of $58.89 and a 12-month high of $86.70. The business has a 50-day simple moving average of $81.86 and a two-hundred day simple moving average of $75.23. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The stock has a market cap of $16.92 billion, a PE ratio of 20.86, a PEG ratio of 2.54 and a beta of 1.24.

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

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.48%. Masco’s dividend payout ratio is currently 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.