Dimensional Fund Advisors LP Has $88.85 Million Stock Position in Masco Co. (NYSE:MAS)

Dimensional Fund Advisors LP raised its holdings in Masco Co. (NYSE:MAS - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,224,244 shares of the construction company's stock after acquiring an additional 30,915 shares during the quarter. Dimensional Fund Advisors LP owned 0.57% of Masco worth $88,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock worth $28,147,000 after buying an additional 56,626 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of Masco by 6.6% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company's stock worth $17,135,000 after acquiring an additional 13,568 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Masco by 69.1% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company's stock worth $112,000 after acquiring an additional 631 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Masco by 5,050.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock worth $747,000 after purchasing an additional 10,100 shares during the period. Finally, Empower Advisory Group LLC lifted its holdings in shares of Masco by 2.0% during the fourth quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock valued at $73,737,000 after purchasing an additional 20,129 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Insider Buying and Selling

In related news, VP Renee Straber sold 3,139 shares of the firm's stock in a transaction 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 directly 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 transaction was disclosed in a 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 on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction 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 $4,601,988.12. This trade represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

MAS has been the topic of a number of analyst reports. Truist Financial cut 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. Citigroup cut their price target on shares of Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a "hold" rating in a research note on Thursday, April 24th. The Goldman Sachs Group cut their target price 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. Finally, Evercore ISI reduced their target price on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $73.10.

Masco Stock Up 3.3 %

NYSE MAS traded up $2.02 during trading on Friday, reaching $62.32. The company's stock had a trading volume of 2,613,149 shares, compared to its average volume of 1,740,914. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of $13.15 billion, a PE ratio of 16.57, a PEG ratio of 1.94 and a beta of 1.24. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The business has a 50-day moving average price of $66.99 and a 200-day moving average price of $74.36.

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 analysts' consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 838.32% and a net margin of 10.50%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company's revenue for the quarter was down 6.5% on a year-over-year basis. On average, research analysts forecast that Masco Co. will post 4.34 earnings per share for the current fiscal 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 paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Masco's dividend payout ratio (DPR) is presently 33.88%.

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.