Farther Finance Advisors LLC Buys 128 Shares of Masco Co. (NYSE:MAS)

Farther Finance Advisors LLC increased its holdings in Masco Co. (NYSE:MAS) by 6.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,031 shares of the construction company’s stock after buying an additional 128 shares during the period. Farther Finance Advisors LLC’s holdings in Masco were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. New Covenant Trust Company N.A. purchased a new stake in Masco in the first quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of Masco during the second quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Masco during the second quarter worth about $30,000. LRI Investments LLC acquired a new position in Masco during the first quarter worth $44,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MAS shares. Barclays upped their price target on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Robert W. Baird dropped their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.96.

Masco Stock Performance

NYSE:MAS opened at $80.95 on Monday. The firm has a market cap of $17.46 billion, a PE ratio of 21.53, a P/E/G ratio of 2.62 and a beta of 1.24. The firm has a 50 day simple moving average of $81.74 and a 200-day simple moving average of $74.88. Masco Co. has a 1-year low of $55.13 and a 1-year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion during 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%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. On average, equities analysts expect that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.43%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.