Aware Super Pty Ltd as trustee of Aware Super Purchases 58,560 Shares of Masco Corporation $MAS

Key Points

• Aware Super increased its Masco stake by 13.6% in the third quarter, purchasing 58,560 shares and bringing its total holdings to 490,325 shares valued at approximately $33 million. Institutional investors collectively own 93.91% of Masco.
• Analysts raised several price targets, including Wells Fargo to $85 and RBC to $74, but the overall consensus remains “Hold” with a target price of $80.94.
• Masco reported quarterly EPS of $1.19, beating estimates of $1.02, while revenue rose 2.6% year over year to $1.97 billion. The company also declared a quarterly dividend of $0.32 per share, representing a 1.5% yield.

Aware Super Pty Ltd as trustee of Aware Super increased its holdings in Masco Corporation (NYSE:MAS - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 490,325 shares of the construction company's stock after buying an additional 58,560 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super owned about 0.25% of Masco worth $33,048,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Legacy Wealth Management LLC MS grew its position in Masco by 21.6% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 4,398 shares of the construction company's stock worth $296,000 after purchasing an additional 782 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Masco during the 3rd quarter valued at about $3,379,000. ProShare Advisors LLC raised its stake in shares of Masco by 15.7% during the 3rd quarter. ProShare Advisors LLC now owns 43,001 shares of the construction company's stock valued at $2,898,000 after buying an additional 5,835 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of Masco by 29.0% in the 3rd quarter. Vise Technologies Inc. now owns 18,421 shares of the construction company's stock valued at $1,242,000 after buying an additional 4,142 shares during the period. Finally, MGO One Seven LLC lifted its holdings in shares of Masco by 20.0% in the 3rd quarter. MGO One Seven LLC now owns 18,920 shares of the construction company's stock valued at $1,275,000 after buying an additional 3,148 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on MAS shares. Wells Fargo & Company lifted their price target on Masco from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday. Royal Bank Of Canada raised their price objective on shares of Masco from $69.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Thursday. Weiss Ratings raised shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a report on Monday, August 3rd. Finally, Robert W. Baird boosted their target price on shares of Masco from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, October 29th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Masco currently has an average rating of "Hold" and a consensus target price of $80.94.

Masco Stock Up 3.6%

Shares of MAS opened at $83.55 on Tuesday. The firm has a market cap of $16.48 billion, a P/E ratio of 18.08, a PEG ratio of 1.82 and a beta of 1.30. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.85. The stock's 50 day moving average is $71.46 and its two-hundred day moving average is $70.95. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company posted $0.97 EPS. The business's quarterly revenue was up 2.6% on a year-over-year basis. Analysts predict that Masco Corporation will post 4.72 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 6th. Masco's payout ratio is presently 27.71%.

Masco Company Profile

Masco Corporation NYSE: MAS is a manufacturer of branded home improvement and building products. The company's portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.

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