M&T Bank Corp Has $996,000 Stake in Masco Co. (NYSE:MAS)

M&T Bank Corp lifted its stake in Masco Co. (NYSE:MAS) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,860 shares of the construction company’s stock after purchasing an additional 808 shares during the quarter. M&T Bank Corp’s holdings in Masco were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MAS. Farther Finance Advisors LLC lifted its position in Masco by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after buying an additional 128 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after acquiring an additional 132 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Masco by 1.9% during the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after acquiring an additional 133 shares in the last quarter. Empirical Finance LLC boosted its position in Masco by 1.8% during the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after purchasing an additional 137 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in Masco by 3.6% in the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Barclays boosted their target price on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target of $87.04.

Masco Price Performance

MAS stock opened at $78.76 on Monday. The stock has a market cap of $16.99 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. The stock has a 50-day moving average price of $81.05 and a two-hundred day moving average price of $76.59. Masco Co. has a 1 year low of $63.60 and a 1 year high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. Equities analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.47%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

About Masco

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.