Everence Capital Management Inc. Sells 3,040 Shares of Masco Co. (NYSE:MAS)

Everence Capital Management Inc. trimmed its position in Masco Co. (NYSE:MAS) by 51.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,840 shares of the construction company’s stock after selling 3,040 shares during the quarter. Everence Capital Management Inc.’s holdings in Masco were worth $206,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in Masco by 20.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after acquiring an additional 56,626 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in shares of Masco by 21.7% in the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after purchasing an additional 96,415 shares in the last quarter. Hsbc Holdings PLC increased its position in Masco by 11.6% in the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock worth $30,932,000 after purchasing an additional 48,379 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Masco by 14.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock valued at $9,497,000 after purchasing an additional 18,287 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Masco by 22.7% in the 2nd quarter. National Bank of Canada FI now owns 62,323 shares of the construction company’s stock worth $4,033,000 after buying an additional 11,525 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Price Performance

Masco stock opened at $72.42 on Thursday. 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 stock has a market cap of $15.62 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. The firm has a 50-day moving average of $77.54 and a two-hundred day moving average of $77.18. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, research analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.60%. Masco’s payout ratio is currently 30.85%.

Wall Street Analyst Weigh In

MAS has been the topic of several recent research reports. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Truist Financial raised their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their target price on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Barclays raised their price target on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $85.00 price objective (down previously from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.79.

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.