Jefferies Financial Group Inc. Buys 60,997 Shares of Masco Corporation $MAS

Jefferies Financial Group Inc. acquired a new position in shares of Masco Corporation (NYSE:MAS – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,997 shares of the construction company’s stock, valued at approximately $4,111,000.

A number of other institutional investors have also modified their holdings of MAS. Childress Capital Advisors LLC increased its stake in Masco by 4.9% in the third quarter. Childress Capital Advisors LLC now owns 3,181 shares of the construction company’s stock valued at $214,000 after purchasing an additional 149 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of Masco by 1.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,275 shares of the construction company’s stock valued at $760,000 after buying an additional 151 shares in the last quarter. Steph & Co. grew its stake in shares of Masco by 6.6% during the 3rd quarter. Steph & Co. now owns 2,465 shares of the construction company’s stock worth $166,000 after purchasing an additional 152 shares during the period. Interchange Capital Partners LLC increased its holdings in shares of Masco by 3.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 5,443 shares of the construction company’s stock valued at $367,000 after purchasing an additional 169 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Masco by 9.0% in the 1st quarter. Parallel Advisors LLC now owns 2,420 shares of the construction company’s stock valued at $146,000 after purchasing an additional 200 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on MAS. DA Davidson set a $82.00 price target on Masco in a research note on Thursday, October 29th. UBS Group lifted their price objective on Masco from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Truist Financial increased their price target on shares of Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a research note on Thursday, July 30th. Finally, Barclays upped their price target on shares of Masco from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $81.82.

View Our Latest Research Report on Masco

Insiders Place Their Bets

In other Masco news, VP Kenneth Cole sold 34,470 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $80.64, for a total value of $2,779,660.80. Following the transaction, the vice president owned 39,700 shares of the company’s stock, valued at $3,201,408. This trade represents a 46.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by company insiders.

Masco Price Performance

MAS stock opened at $84.48 on Friday. The company has a market capitalization of $16.29 billion, a PE ratio of 18.29, a P/E/G ratio of 1.88 and a beta of 1.21. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 109.07. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $87.86. The stock’s 50 day moving average is $73.38 and its two-hundred day moving average is $71.54.

Masco (NYSE:MAS – Get Free Report) last released 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. 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 company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. Analysts predict that Masco Corporation will post 4.72 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 6th. Masco’s dividend payout ratio is 27.71%.

Masco Profile

(Free Report)

Masco Corporation is a manufacturer of home improvement and building products, serving residential construction, repair and remodeling markets. Its products are sold primarily in North America and Europe, as well as in other markets around the world. The company’s Plumbing Products include faucets, showering and bathing products, and related fixtures and accessories. Its brands include Delta Faucet, Brizo, Peerless and hansgrohe. Masco also makes decorative architectural products, including paints and coatings sold under the BEHR and KILZ brands.

See Also

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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