Two Sigma Advisers LP Has $3.76 Million Stock Position in Masco Co. (NYSE:MAS)

Two Sigma Advisers LP cut its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,800 shares of the construction company's stock after selling 11,600 shares during the period. Two Sigma Advisers LP's holdings in Masco were worth $3,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock valued at $71,000 after buying an additional 133 shares during the period. Equitable Trust Co. increased its stake in Masco by 1.7% in the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock valued at $587,000 after buying an additional 136 shares during the period. Keybank National Association OH grew its position in Masco by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after acquiring an additional 151 shares in the last quarter. VELA Investment Management LLC grew its position in Masco by 2.5% in the fourth quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company's stock worth $574,000 after acquiring an additional 194 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in Masco by 6.1% in the fourth quarter. Perigon Wealth Management LLC now owns 3,547 shares of the construction company's stock worth $275,000 after acquiring an additional 204 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Renee Straber sold 3,139 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the transaction, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. This represents a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Evercore ISI decreased their target price on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Robert W. Baird decreased their target price 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. Truist Financial decreased their target price on shares of 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 price objective on shares of Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a report on Wednesday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Masco has a consensus rating of "Hold" and an average price target of $73.63.

Masco Stock Performance

Masco stock traded up $0.90 during mid-day trading on Thursday, reaching $63.49. The company had a trading volume of 1,754,479 shares, compared to its average volume of 1,803,439. 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 52 week low of $56.55 and a 52 week high of $86.70. The company has a 50 day moving average of $63.69 and a 200-day moving average of $71.97. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.94 and a beta of 1.23.

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 analysts' consensus estimates 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 the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.93 earnings per share. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. 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. 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 1.95%. The ex-dividend date is Friday, May 23rd. Masco's dividend payout ratio is 33.88%.

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.