Unigestion Holding SA Buys Shares of 13,256 Masco Co. (NYSE:MAS)

Unigestion Holding SA purchased a new stake in Masco Co. (NYSE:MAS) during the third quarter, Holdings Channel reports. The fund purchased 13,256 shares of the construction company’s stock, valued at approximately $1,113,000.

Several other large investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Masco by 3.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 48,813 shares of the construction company’s stock valued at $3,254,000 after purchasing an additional 1,572 shares in the last quarter. Montecito Bank & Trust boosted its holdings in Masco by 13.1% in the second quarter. Montecito Bank & Trust now owns 5,225 shares of the construction company’s stock valued at $348,000 after purchasing an additional 607 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in Masco by 19.3% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 8,654 shares of the construction company’s stock worth $577,000 after purchasing an additional 1,403 shares in the last quarter. Blue Trust Inc. increased its holdings in Masco by 38.5% during the 2nd quarter. Blue Trust Inc. now owns 738 shares of the construction company’s stock worth $49,000 after purchasing an additional 205 shares during the period. Finally, Foster Victor Wealth Advisors LLC raised its position in Masco by 18.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 215,811 shares of the construction company’s stock valued at $14,388,000 after purchasing an additional 34,345 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays upped their price objective on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Evercore ISI lifted their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.96.

Masco Stock Down 2.3 %

Masco stock opened at $79.36 on Wednesday. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock’s fifty day moving average is $81.28 and its two-hundred day moving average is $76.36.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) 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 firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.00 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. 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.