Masco Co. (NYSE:MAS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,915,852 shares of the construction company's stock after buying an additional 7,266 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.89% of Masco worth $139,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in Masco during the 4th quarter valued at about $27,000. Kestra Investment Management LLC purchased a new stake in Masco during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new stake in Masco during the 4th quarter valued at about $42,000. GeoWealth Management LLC grew its position in Masco by 89.0% during the 4th 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. Finally, MassMutual Private Wealth & Trust FSB grew its position in Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock valued at $51,000 after purchasing an additional 148 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Up 2.8%

Shares of MAS stock traded up $1.74 on Tuesday, hitting $63.53. The stock had a trading volume of 2,047,850 shares, compared to its average volume of 1,803,225. 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 $63.97 and a 200 day moving average price of $72.09. The company has a market cap of $13.40 billion, a PE ratio of 16.90, a P/E/G ratio of 1.94 and a beta of 1.23. Masco Co. has a one year low of $56.55 and a one year high of $86.70.

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 for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business's revenue was down 6.5% compared to the same quarter last year. Research analysts anticipate that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 23rd will be paid a $0.31 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.95%. Masco's dividend payout ratio (DPR) is presently 33.88%.

Insider Buying and Selling at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 60,267 shares in the company, valued at approximately $4,601,988.12. The trade was a 26.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was 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 $2,370,678.06. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MAS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Masco in a research note on Tuesday, April 1st. They set a "hold" rating and a $71.00 target price on the stock. Truist Financial lowered their target price 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. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday. 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. Finally, The Goldman Sachs Group lowered their price objective 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. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $73.63.

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.