B. Metzler seel. Sohn & Co. Holding AG Invests $1.15 Million in Masco Co. (NYSE:MAS)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Masco Co. (NYSE:MAS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,729 shares of the construction company’s stock, valued at approximately $1,152,000.

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

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAS. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. UBS Group lifted their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird cut their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial boosted 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. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus price target of $85.96.

Masco Stock Performance

MAS opened at $79.01 on Friday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a fifty day moving average price of $81.76 and a 200 day moving average price of $75.46. Masco Co. has a 1 year low of $58.91 and a 1 year high of $86.70. The stock has a market cap of $17.05 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.54 and a beta of 1.24.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The company 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 firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. Equities research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is presently 30.85%.

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.