Silvercrest Asset Management Group LLC Cuts Position in Masco Co. (NYSE:MAS)

Silvercrest Asset Management Group LLC decreased its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 49.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,199 shares of the construction company's stock after selling 14,000 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Masco were worth $1,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Masco in the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new stake in Masco during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new stake in Masco during the 4th quarter worth about $42,000. GeoWealth Management LLC raised its stake in shares of 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 buying an additional 322 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Masco by 26.7% in the 4th 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 period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Price Performance

Shares of NYSE MAS traded down $0.90 during midday trading on Monday, hitting $61.79. The stock had a trading volume of 1,678,106 shares, compared to its average volume of 1,802,242. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Co. has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a market capitalization of $13.03 billion, a PE ratio of 16.43, a P/E/G ratio of 1.94 and a beta of 1.23. The stock has a 50 day simple moving average of $64.17 and a 200-day simple moving average of $72.23.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. On average, sell-side analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed 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 is Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 2.01%. Masco's dividend payout ratio is presently 33.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MAS shares. Truist Financial reduced their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Loop Capital set a $62.00 target price on shares of Masco and gave the company a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Robert W. Baird decreased their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Masco in a research report on Tuesday, April 1st. They set a "hold" rating and a $71.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $73.63.

Insider Buying and Selling at Masco

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

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.