Masco Corporation $MAS Stock Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Masco stake by 3.7% in the third quarter, selling 22,578 shares and retaining 580,365 shares valued at about $39.1 million.
• Masco reported quarterly EPS of $1.19, beating estimates of $1.02, with revenue of $1.97 billion, up 2.6% year over year.
• The company declared a quarterly dividend of $0.32 per share, equivalent to an annualized yield of 1.5%; analysts’ consensus rating was Hold, with an average price target of $81.82.

Boston Trust Walden Corp trimmed its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 3.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 580,365 shares of the construction company's stock after selling 22,578 shares during the period. Boston Trust Walden Corp owned about 0.30% of Masco worth $39,117,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Childress Capital Advisors LLC grew its holdings in shares of Masco by 4.9% during the third quarter. Childress Capital Advisors LLC now owns 3,181 shares of the construction company's stock valued at $214,000 after buying an additional 149 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Masco by 1.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 11,275 shares of the construction company's stock valued at $760,000 after acquiring an additional 151 shares in the last quarter. Steph & Co. grew its holdings in shares of Masco by 6.6% during the 3rd quarter. Steph & Co. now owns 2,465 shares of the construction company's stock valued at $166,000 after acquiring an additional 152 shares in the last quarter. Interchange Capital Partners LLC increased its stake in shares of Masco by 3.2% in the third quarter. Interchange Capital Partners LLC now owns 5,443 shares of the construction company's stock worth $367,000 after acquiring an additional 169 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Masco by 9.0% in the first quarter. Parallel Advisors LLC now owns 2,420 shares of the construction company's stock worth $146,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Performance

NYSE:MAS opened at $83.89 on Friday. The firm's 50-day moving average is $72.12 and its 200-day moving average is $71.15. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $87.86. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.20 and a current ratio of 1.83. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.92 and a beta of 1.21.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Masco had a net margin of 12.07% and a negative return on equity of 1,807.69%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. Equities research analysts anticipate that Masco Corporation will post 4.72 earnings per share for the current year.

Masco Announces Dividend

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

Insider Buying and Selling

In other news, VP Kenneth Cole sold 34,470 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $80.64, for a total transaction of $2,779,660.80. Following the sale, the vice president directly owned 39,700 shares of the company's stock, valued at $3,201,408. This represents a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MAS has been the subject of several research reports. Robert W. Baird lifted their price target on Masco from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, October 29th. Evercore downgraded Masco from an "outperform" rating to an "in-line" rating and set a $78.00 price objective on the stock. in a report on Thursday, July 30th. Barclays raised their price objective on shares of Masco from $79.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research note on Monday, August 3rd. Finally, Truist Financial boosted their target price on shares of Masco from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Masco has a consensus rating of "Hold" and a consensus price target of $81.82.

Masco 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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