Teza Capital Management LLC Makes New Investment in Masco Co. (NYSE:MAS)

Teza Capital Management LLC bought a new position in Masco Co. (NYSE:MAS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,205 shares of the construction company's stock, valued at approximately $305,000.

A number of other hedge funds have also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in Masco during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new position in Masco during the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new position in Masco during the fourth quarter worth approximately $42,000. GeoWealth Management LLC boosted its position in Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Masco by 26.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock worth $51,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

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 transaction of $1,658,768.28. Following the transaction, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. This trade represents a 26.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Renee Straber sold 3,139 shares of the stock in a transaction that occurred 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 sale, the vice president now directly 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 disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Masco Trading Down 1.4%

Shares of MAS stock traded down $0.90 on Friday, 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 debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The firm has a market capitalization of $13.03 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.94 and a beta of 1.23. Masco Co. has a 1 year low of $56.55 and a 1 year high of $86.70. The company's 50 day moving average price is $64.17 and its 200-day moving average price is $72.28.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Masco's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. Analysts anticipate that Masco Co. will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 23rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio is currently 33.88%.

Analyst Upgrades and Downgrades

MAS has been the topic of several research reports. Barclays set a $71.00 target price on Masco and gave the company an "overweight" rating in a research report on Thursday, April 24th. Evercore ISI decreased their target price on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research report on Saturday. Royal Bank of Canada decreased their target price on Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company raised their target price on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Masco has an average rating of "Hold" and an average price target 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.