D. E. Shaw & Co. Inc. Has $3.56 Million Stock Position in Masco Co. (NYSE:MAS)

D. E. Shaw & Co. Inc. lifted its position in Masco Co. (NYSE:MAS - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,994 shares of the construction company's stock after purchasing an additional 5,105 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Masco were worth $3,555,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Masco in the fourth quarter worth $27,000. Kestra Investment Management LLC purchased a new stake in Masco in the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in Masco in the fourth quarter valued at approximately $42,000. GeoWealth Management LLC boosted its position in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after buying an additional 322 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Stock Down 1.4%

MAS stock traded down $0.90 during mid-day trading on Friday, reaching $61.79. The company had a trading volume of 1,678,106 shares, compared to its average volume of 1,802,242. Masco Co. has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The firm has a fifty day simple moving average of $64.17 and a 200 day simple moving average of $72.28. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Masco's revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Friday, May 23rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 2.01%. Masco's dividend payout ratio (DPR) is currently 33.88%.

Insider Buying and Selling at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction that occurred on 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 directly owns 60,267 shares of the company's stock, valued at $4,601,988.12. This trade represents a 26.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $225,317.42. Following the completion of the sale, the vice president now owns 33,027 shares in the company, valued at $2,370,678.06. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAS. Deutsche Bank Aktiengesellschaft initiated coverage on Masco in a research note on Tuesday, April 1st. They issued a "hold" rating and a $71.00 target price on the stock. Truist Financial cut their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company increased their target price on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Royal Bank of Canada lowered their target price 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. Finally, Barclays set a $71.00 target price on shares of Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $73.63.

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.