Masco Co. (NYSE:MAS) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its position in Masco Co. (NYSE:MAS - Free Report) by 140.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,110 shares of the construction company's stock after acquiring an additional 6,482 shares during the quarter. Boothbay Fund Management LLC's holdings in Masco were worth $806,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Masco in the fourth quarter valued at $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Masco during the 4th quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in Masco during the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new position in Masco in the fourth quarter valued at approximately $42,000. Finally, GeoWealth Management LLC increased its stake in 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 last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MAS shares. Robert W. Baird lowered their target price on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Truist Financial dropped their price objective on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Loop Capital set a $62.00 target price on Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Masco in a research note on Tuesday, April 1st. They set a "hold" rating and a $71.00 price target on the stock. Finally, Zelman & Associates upgraded Masco to a "strong-buy" rating in a research note on Friday, January 17th. Ten 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.10.

Masco Stock Performance

Shares of MAS stock traded up $2.02 during mid-day trading on Friday, hitting $62.32. The stock had a trading volume of 2,613,149 shares, compared to its average volume of 1,740,692. The firm has a market cap of $13.15 billion, a PE ratio of 16.57, a PEG ratio of 1.94 and a beta of 1.23. The company's 50-day simple moving average is $66.71 and its 200-day simple moving average is $74.20. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco Co. has a fifty-two week low of $56.55 and a fifty-two week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its earnings results 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). The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Sell-side analysts anticipate that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a yield of 1.99%. This is an increase from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is currently 33.88%.

Insiders Place Their Bets

In related news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the sale, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. The trade was a 8.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 60,267 shares of the company's stock, 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. 0.50% of the stock is currently owned by company insiders.

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.