Signet Financial Management LLC Sells 683 Shares of Masco Co. (NYSE:MAS)

Signet Financial Management LLC lessened its stake in shares of Masco Co. (NYSE:MAS) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 50,544 shares of the construction company’s stock after selling 683 shares during the period. Signet Financial Management LLC’s holdings in Masco were worth $3,668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in Masco by 956.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after acquiring an additional 895,950 shares during the period. Nordea Investment Management AB raised its position in shares of Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after purchasing an additional 520,555 shares during the period. Bank of Montreal Can lifted its stake in shares of Masco by 86.5% during the 2nd quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock valued at $42,318,000 after buying an additional 294,409 shares in the last quarter. Barclays PLC boosted its holdings in Masco by 49.2% in the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock worth $74,192,000 after buying an additional 291,658 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Masco by 89.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock worth $38,642,000 after buying an additional 273,718 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 1.9 %

NYSE:MAS traded up $1.39 during midday trading on Monday, hitting $73.52. 1,130,379 shares of the company traded hands, compared to its average volume of 1,170,507. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The firm’s fifty day moving average is $77.23 and its 200-day moving average is $77.34. The firm has a market capitalization of $15.86 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.55 and a beta of 1.25. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70.

Masco (NYSE:MAS) last released its 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. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. On average, sell-side analysts predict 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. Stockholders of record on Friday, November 8th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is presently 30.85%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAS. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Truist Financial upped their target price 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. Citigroup reduced their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Loop Capital increased their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.96.

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.