Masco Co. (NYSE:MAS) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its position in shares of Masco Co. (NYSE:MAS) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,113,827 shares of the construction company’s stock after selling 68,868 shares during the quarter. Manning & Napier Advisors LLC owned 0.52% of Masco worth $80,830,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Masco in the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco during the 3rd quarter valued at $43,000. Venturi Wealth Management LLC raised its stake in shares of Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Masco by 26.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after purchasing an additional 148 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

MAS traded up $0.33 during trading hours on Wednesday, reaching $80.73. The company’s stock had a trading volume of 88,751 shares, compared to its average volume of 1,264,370. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company’s 50-day moving average is $76.93 and its 200-day moving average is $78.36. 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 firm has a market cap of $17.42 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MAS shares. 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. JPMorgan Chase & Co. raised their price target on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird decreased their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Truist Financial increased their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price target (down previously from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average price target of $86.27.

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.