4,205 Shares in Masco Co. (NYSE:MAS) Purchased by Teza Capital Management LLC

Teza Capital Management LLC acquired a new stake in Masco Co. (NYSE:MAS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,205 shares of the construction company's stock, valued at approximately $305,000.

A number of other hedge funds have also added to or reduced their stakes in MAS. Golden State Wealth Management LLC purchased a new stake in shares of Masco in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in Masco during the 4th quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Masco in the 4th quarter worth $42,000. GeoWealth Management LLC lifted its holdings in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock worth $51,000 after buying an additional 148 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Down 1.4%

MAS stock traded down $0.90 on Monday, hitting $61.79. 1,678,106 shares of the company's stock were exchanged, compared to its average volume of 1,802,242. The firm has a 50 day moving average price of $64.17 and a two-hundred day moving average price of $72.23. Masco Co. has a 12-month low of $56.55 and a 12-month high of $86.70. The stock has a market cap of $13.03 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $0.93 EPS. Masco's revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Masco Co. will post 4.34 EPS 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio is presently 33.88%.

Insider Buying and Selling at Masco

In other Masco news, 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 sale, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $4,601,988.12. This represents 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MAS shares. Truist Financial decreased their price objective on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday. Loop Capital set a $62.00 target price on Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their target price on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.