Algert Global LLC Has $1.90 Million Position in Masco Co. (NYSE:MAS)

Algert Global LLC increased its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 366.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,120 shares of the construction company's stock after acquiring an additional 20,522 shares during the quarter. Algert Global LLC's holdings in Masco were worth $1,896,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MAS. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the 4th quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Masco during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Masco in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new position in Masco during the fourth quarter worth $42,000. Finally, GeoWealth Management LLC lifted its holdings in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after acquiring an additional 322 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Masco

In other Masco news, VP Renee Straber sold 3,139 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the transaction, the vice president now owns 33,027 shares of the company's stock, valued at $2,370,678.06. This represents a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Trading Up 0.6 %

MAS stock traded up $0.38 during midday trading on Friday, hitting $62.09. 2,510,898 shares of the company's stock were exchanged, compared to its average volume of 1,760,258. Masco Co. has a one year low of $56.55 and a one year high of $86.70. The stock's fifty day moving average price is $65.40 and its 200-day moving average price is $73.27. The company has a market cap of $13.10 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Masco's revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts predict that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 21st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. Masco's dividend payout ratio is 33.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MAS shares. Robert W. Baird dropped their target price on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their target price on Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Truist Financial reduced their price objective on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Masco in a research report on Tuesday, April 1st. They issued a "hold" rating and a $71.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Masco presently has a consensus rating of "Hold" and a consensus target price of $73.10.

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.