Mutual of America Capital Management LLC Cuts Stock Position in Masco Co. (NYSE:MAS)

Mutual of America Capital Management LLC lowered its stake in shares of Masco Co. (NYSE:MAS) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,881 shares of the construction company’s stock after selling 904 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Masco were worth $2,256,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the first quarter valued at $25,000. Innealta Capital LLC purchased a new stake in Masco during the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new position in shares of Masco in the second quarter valued at about $30,000. Capital Performance Advisors LLP purchased a new position in shares of Masco in the third quarter worth about $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Masco during the third quarter worth about $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the subject of a number of recent research reports. Truist Financial raised their price target 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. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group raised their price target on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price objective on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.96.

Masco Stock Performance

NYSE:MAS opened at $79.01 on Monday. The company has a market cap of $17.05 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.54 and a beta of 1.24. Masco Co. has a twelve month low of $58.91 and a twelve month high of $86.70. The company’s 50-day moving average price is $81.76 and its 200-day moving average price is $75.50. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

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 business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.47%. Masco’s dividend payout ratio is presently 30.85%.

Insider Activity

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.