Tidal Investments LLC Reduces Holdings in Masco Co. (NYSE:MAS)

Tidal Investments LLC decreased its stake in Masco Co. (NYSE:MAS - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,245 shares of the construction company's stock after selling 11,940 shares during the period. Tidal Investments LLC's holdings in Masco were worth $1,759,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Masco by 49.2% in the third quarter. Barclays PLC now owns 883,859 shares of the construction company's stock valued at $74,192,000 after purchasing an additional 291,658 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 purchasing an additional 148 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Masco by 2.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 28,191 shares of the construction company's stock valued at $2,046,000 after purchasing an additional 775 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Masco by 5.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,654 shares of the construction company's stock valued at $846,000 after purchasing an additional 634 shares during the period. Finally, Secure Asset Management LLC raised its position in shares of Masco by 11.9% in the fourth quarter. Secure Asset Management LLC now owns 6,134 shares of the construction company's stock valued at $445,000 after purchasing an additional 651 shares during the period. Institutional investors own 93.91% of the company's stock.

Masco Stock Up 0.3%

Shares of Masco stock traded up $0.20 during trading on Thursday, hitting $62.79. 451,325 shares of the stock traded hands, compared to its average volume of 1,798,469. The firm has a market cap of $13.25 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 52-week low of $56.55 and a 52-week high of $86.70. The stock's fifty day simple moving average is $63.69 and its 200 day simple moving average is $71.97.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results 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). Masco had a net margin of 10.50% and a return on equity of 838.32%. The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the firm earned $0.93 EPS. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts predict that Masco Co. will post 4.34 earnings per share for the current fiscal 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 issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's payout ratio is presently 33.88%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Robert W. Baird reduced their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group reduced their price objective on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial reduced their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Ten 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 stock. Based on data from MarketBeat, Masco presently has an average rating of "Hold" and an average price target of $73.63.

Insider Buying and Selling at Masco

In other news, VP Renee Straber sold 3,139 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at $2,370,678.06. This represents a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

About Masco

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.