Thematics Asset Management Sells 8,500 Shares of Masco Co. (NYSE:MAS)

Thematics Asset Management lessened its stake in Masco Co. (NYSE:MAS) by 5.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,517 shares of the construction company’s stock after selling 8,500 shares during the quarter. Thematics Asset Management owned about 0.07% of Masco worth $12,131,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in shares of Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after purchasing an additional 128 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after buying an additional 132 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Masco by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after acquiring an additional 133 shares during the last quarter. Empirical Finance LLC raised its stake in Masco by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after acquiring an additional 137 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

NYSE MAS traded down $1.94 on Tuesday, hitting $80.23. 120,396 shares of the company’s stock were exchanged, compared to its average volume of 1,792,759. Masco Co. has a 52 week low of $58.91 and a 52 week high of $86.70. The stock has a 50-day moving average of $81.78 and a 200-day moving average of $75.57. 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 stock has a market cap of $17.31 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.56 and a beta of 1.24.

Masco (NYSE:MAS) last released its quarterly earnings data 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 business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm posted $1.00 earnings per share. Masco’s revenue was up .2% compared to the same quarter last year. Analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s payout ratio is 30.85%.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’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 completion of the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Evercore ISI boosted their target price 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. Truist Financial boosted their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.96.

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.