ClearAlpha Technologies LP Has $823,000 Stake in Masco Co. (NYSE:MAS)

ClearAlpha Technologies LP reduced its holdings in Masco Co. (NYSE:MAS) by 30.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,801 shares of the construction company’s stock after selling 4,349 shares during the quarter. ClearAlpha Technologies LP’s holdings in Masco were worth $823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MAS. Manning & Napier Advisors LLC acquired a new stake in Masco in the 2nd quarter valued at approximately $82,363,000. Assenagon Asset Management S.A. boosted its position in shares of Masco by 956.3% in the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after acquiring an additional 895,950 shares during the period. Acadian Asset Management LLC grew its stake in shares of Masco by 66.5% in the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after acquiring an additional 728,690 shares during the last quarter. Bank of Montreal Can raised its stake in 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 purchasing an additional 294,409 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Masco by 89.5% during 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 purchasing an additional 273,718 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Up 0.2 %

NYSE MAS opened at $80.56 on Monday. The stock’s 50 day simple moving average is $81.66 and its 200 day simple moving average is $75.79. Masco Co. has a one year low of $59.72 and a one year high of $86.70. The firm has a market cap of $17.38 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 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 for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco’s payout ratio is 30.85%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MAS shares. Loop Capital increased their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.96.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction 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 transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Masco Company 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.