PNC Financial Services Group Inc. Boosts Holdings in Masco Co. (NYSE:MAS)

PNC Financial Services Group Inc. grew its position in Masco Co. (NYSE:MAS) by 5.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 83,459 shares of the construction company’s stock after purchasing an additional 4,620 shares during the period. PNC Financial Services Group Inc.’s holdings in Masco were worth $7,006,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Masco during the third quarter valued at about $1,152,000. Banque Cantonale Vaudoise increased its stake in Masco by 4.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 12,260 shares of the construction company’s stock valued at $1,029,000 after purchasing an additional 498 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Masco by 21.7% in the third quarter. Caprock Group LLC now owns 21,521 shares of the construction company’s stock worth $1,806,000 after buying an additional 3,840 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Masco by 104.5% during the third quarter. Quest Partners LLC now owns 29,663 shares of the construction company’s stock valued at $2,490,000 after buying an additional 15,161 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Masco by 0.4% in the 3rd quarter. Swiss National Bank now owns 653,500 shares of the construction company’s stock valued at $54,855,000 after acquiring an additional 2,800 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MAS. Wells Fargo & Company lifted their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets increased their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note 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 note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and an average price target of $85.96.

Masco Stock Up 0.9 %

Masco stock opened at $79.01 on Friday. Masco Co. has a 12 month low of $58.91 and a 12 month high of $86.70. The stock has a market capitalization of $17.05 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.54 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. The business has a 50 day simple moving average of $81.76 and a 200-day simple moving average of $75.46.

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

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.47%. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Insider Buying and Selling at Masco

In related 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 completion of the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

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.