First Hawaiian Bank Has $631,000 Stake in Masco Co. (NYSE:MAS)

First Hawaiian Bank lowered its holdings in Masco Co. (NYSE:MAS - Free Report) by 34.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,075 shares of the construction company's stock after selling 4,783 shares during the period. First Hawaiian Bank's holdings in Masco were worth $631,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MAS. Geode Capital Management LLC increased its holdings in Masco by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock valued at $371,265,000 after buying an additional 58,739 shares during the period. Northern Trust Corp increased its stake in Masco by 9.5% in the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock valued at $283,070,000 after acquiring an additional 337,164 shares during the last quarter. Van ECK Associates Corp increased its stake in Masco by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company's stock valued at $235,881,000 after acquiring an additional 299,520 shares during the last quarter. Invesco Ltd. raised its position in Masco by 14.7% during the fourth quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after purchasing an additional 360,931 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Masco by 12.4% during the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock worth $200,456,000 after purchasing an additional 305,156 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Masco news, VP Renee Straber sold 3,139 shares of Masco 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 completion of the sale, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on MAS shares. Loop Capital set a $62.00 price target on Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Truist Financial reduced their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. The Goldman Sachs Group lowered their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $73.63.

Masco Trading Up 1.3%

Masco stock traded up $0.80 during mid-day trading on Wednesday, hitting $63.38. 1,280,025 shares of the stock were exchanged, compared to its average volume of 1,801,989. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.94 and a beta of 1.23. Masco Co. has a 12 month low of $56.55 and a 12 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 firm's fifty day simple moving average is $62.94 and its two-hundred day simple moving average is $71.39.

Masco (NYSE:MAS - Get Free Report) last announced 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). The firm had revenue of $1.80 billion for 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%. During the same period in the prior year, the business earned $0.93 EPS. Masco's quarterly revenue was down 6.5% on a year-over-year basis. Analysts forecast that Masco Co. will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 23rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.96%. Masco's dividend payout ratio is currently 33.88%.

Masco 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.