Captrust Financial Advisors Acquires 4,776 Shares of Masco Co. (NYSE:MAS)

Captrust Financial Advisors raised its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,407 shares of the construction company's stock after acquiring an additional 4,776 shares during the period. Captrust Financial Advisors' holdings in Masco were worth $3,150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP boosted its holdings in Masco by 17.3% in the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after purchasing an additional 133 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Masco by 1.7% in the fourth quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock worth $587,000 after acquiring an additional 136 shares during the period. Tealwood Asset Management Inc. increased its position in Masco by 0.8% during the fourth quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company's stock valued at $1,301,000 after acquiring an additional 147 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Masco by 26.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock valued at $51,000 after acquiring an additional 148 shares during the period. Finally, Keybank National Association OH boosted its position in Masco by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Trading Up 0.6 %

Shares of Masco stock opened at $62.09 on Friday. Masco Co. has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The business has a 50-day moving average price of $65.40 and a 200-day moving average price of $73.33. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 838.32% and a net margin of 10.50%. The business's revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. Equities research analysts anticipate that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

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

Insiders Place Their Bets

In related news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction dated 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 transaction, the chief executive officer now owns 60,267 shares in the company, valued at approximately $4,601,988.12. This trade represents a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Renee Straber sold 3,139 shares of the company's 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Truist Financial decreased their target price 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 price target on Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company decreased their price objective on Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Ten 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.

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