Masco Co. (NYSE:MAS) Stake Lessened by Tidal Investments LLC

Tidal Investments LLC trimmed its stake in shares of Masco Co. (NYSE:MAS) by 1.9% during the third quarter, HoldingsChannel reports. The fund owned 36,185 shares of the construction company’s stock after selling 707 shares during the quarter. Tidal Investments LLC’s holdings in Masco were worth $3,037,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MAS. Innealta Capital LLC bought a new position in shares of Masco during the second quarter worth about $25,000. Family Firm Inc. acquired a new stake in Masco during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in Masco during the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC acquired a new position in shares of Masco in the 3rd quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC grew its position in shares of Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after acquiring an additional 222 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock opened at $78.76 on Friday. The business has a 50 day simple moving average of $81.05 and a 200 day simple moving average of $76.53. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. Masco Co. has a 12-month low of $63.60 and a 12-month high of $86.70.

Masco (NYSE:MAS) last released its quarterly earnings results 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 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 business posted $1.00 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. Masco’s dividend payout ratio (DPR) is 30.85%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets raised their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Robert W. Baird dropped their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Evercore ISI lifted their target price on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.04.

Masco 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.