Enterprise Bank & Trust Co Sells 12,543 Shares of Masco Co. (NYSE:MAS)

Enterprise Bank & Trust Co lessened its position in shares of Masco Co. (NYSE:MAS - Free Report) by 66.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,215 shares of the construction company's stock after selling 12,543 shares during the quarter. Enterprise Bank & Trust Co's holdings in Masco were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MAS. Janney Montgomery Scott LLC lifted its stake in shares of Masco by 5.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,654 shares of the construction company's stock worth $846,000 after purchasing an additional 634 shares during the period. Blue Trust Inc. increased its holdings in Masco by 52.9% during the fourth quarter. Blue Trust Inc. now owns 4,033 shares of the construction company's stock valued at $293,000 after buying an additional 1,396 shares during the last quarter. Pacer Advisors Inc. raised its position in Masco by 60.4% in the fourth quarter. Pacer Advisors Inc. now owns 25,953 shares of the construction company's stock worth $1,883,000 after acquiring an additional 9,777 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Masco by 6.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,547 shares of the construction company's stock worth $275,000 after acquiring an additional 204 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Masco by 1.2% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 415,299 shares of the construction company's stock valued at $30,138,000 after acquiring an additional 5,074 shares during the period. Institutional investors own 93.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MAS. 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. Jefferies Financial Group decreased their price objective on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group cut their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada reduced their target price on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $73.63.

Insider Activity

In other Masco news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at $2,370,678.06. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Masco Price Performance

MAS traded up $0.80 during trading hours on Wednesday, hitting $63.38. The company's stock had a trading volume of 1,266,057 shares, compared to its average volume of 2,078,645. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.94 and a beta of 1.23. The business's 50-day moving average price is $63.04 and its 200-day moving average price is $71.45. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share 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 last year, the firm earned $0.93 earnings per share. The business's quarterly revenue was down 6.5% on a year-over-year basis. Sell-side analysts expect that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio (DPR) is 33.88%.

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.