BNP Paribas Financial Markets Has $53.70 Million Holdings in Masco Co. (NYSE:MAS)

BNP Paribas Financial Markets boosted its holdings in Masco Co. (NYSE:MAS - Free Report) by 25.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 739,994 shares of the construction company's stock after acquiring an additional 151,592 shares during the period. BNP Paribas Financial Markets owned about 0.34% of Masco worth $53,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Masco in the fourth quarter worth $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Masco in the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in Masco in the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new position in Masco during the 4th quarter valued at about $42,000. Finally, GeoWealth Management LLC increased its stake in shares of Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing 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

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

Masco Stock Up 0.6 %

Shares of NYSE:MAS traded up $0.38 during midday trading on Friday, hitting $62.09. 2,510,898 shares of the stock were exchanged, compared to its average volume of 1,760,258. The business's fifty day simple moving average is $65.40 and its two-hundred day simple moving average is $73.33. 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 Co. has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a market capitalization of $13.10 billion, a PE ratio of 16.51, a P/E/G ratio of 1.94 and a beta of 1.23.

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

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is presently 33.88%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MAS. Evercore ISI decreased their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on shares of Masco from $82.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group dropped their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Truist Financial decreased their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Royal Bank of Canada dropped their target price on Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $73.10.

Masco Company 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.