Rafferty Asset Management LLC increased its holdings in Masco Co. (NYSE:MAS - Free Report) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,814 shares of the construction company's stock after purchasing an additional 15,103 shares during the period. Rafferty Asset Management LLC's holdings in Masco were worth $6,010,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MAS. Foster Victor Wealth Advisors LLC lifted its position in shares of Masco by 6.6% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company's stock worth $17,135,000 after buying an additional 13,568 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Masco by 5,050.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock valued at $747,000 after acquiring an additional 10,100 shares in the last quarter. Empower Advisory Group LLC raised its stake in shares of Masco by 2.0% in the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock valued at $73,737,000 after acquiring an additional 20,129 shares in the last quarter. Principal Securities Inc. lifted its holdings in Masco by 20.5% in the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock worth $823,000 after purchasing an additional 1,931 shares during the last quarter. Finally, KBC Group NV boosted its position in Masco by 91.6% during the fourth quarter. KBC Group NV now owns 708,830 shares of the construction company's stock worth $51,440,000 after purchasing an additional 338,925 shares during the period. 93.91% of the stock is currently owned by institutional investors.
Masco Stock Performance
Masco stock traded down $0.76 during trading hours on Friday, hitting $61.62. The stock had a trading volume of 452,392 shares, compared to its average volume of 2,079,521. The company has a 50-day moving average of $64.34 and a two-hundred day moving average of $72.48. 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 fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a market cap of $13.00 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23.
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 (EPS) 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 net margin of 10.50% and a return on equity of 838.32%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. On average, equities research analysts anticipate that Masco Co. will post 4.34 EPS for the current fiscal year.
Masco Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio is 33.88%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on MAS shares. The Goldman Sachs Group reduced their price objective on shares of 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 dropped their target price on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Barclays set a $71.00 price target on shares of Masco and gave the company an "overweight" rating in a report on Thursday, April 24th. Loop Capital set a $62.00 price objective on Masco and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Robert W. Baird cut their price objective on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Ten 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $73.63.
Check Out Our Latest Analysis on Masco
Insider Transactions at Masco
In related news, VP Renee Straber sold 3,139 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were 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 of the company's stock, 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 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 transaction, the chief executive officer now owns 60,267 shares of the company's stock, valued at approximately $4,601,988.12. This represents a 26.49% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.
About Masco
(
Free Report)
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.
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