McAdam LLC Takes $208,000 Position in Masco Co. (NYSE:MAS)

McAdam LLC acquired a new stake in shares of Masco Co. (NYSE:MAS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,483 shares of the construction company’s stock, valued at approximately $208,000.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the first quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Masco during the second quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in shares of Masco in the second quarter worth $30,000. Larson Financial Group LLC increased its stake in shares of Masco by 4,545.5% in the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after buying an additional 500 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Masco in the first quarter worth $44,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Masco Stock Performance

Shares of MAS opened at $81.26 on Friday. Masco Co. has a 1 year low of $49.24 and a 1 year high of $86.70. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The firm has a fifty day moving average of $81.33 and a 200-day moving average of $74.31.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Masco Co. will post 4.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MAS shares. Citigroup dropped their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company lifted their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird lifted their price target on shares of Masco from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Truist Financial lifted their price target on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Barclays lifted their price target on shares of Masco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and an average target price of $81.75.

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.