Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Masco Co. (NYSE:MAS)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Masco Co. (NYSE:MAS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 350,915 shares of the construction company's stock, valued at approximately $25,466,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.17% of Masco at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAS. Golden State Wealth Management LLC purchased a new stake in Masco in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new stake in Masco in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in Masco in the 4th quarter worth approximately $42,000. GeoWealth Management LLC lifted its holdings in 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, SRS Capital Advisors Inc. lifted its holdings in Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after buying an additional 330 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MAS. The Goldman Sachs Group dropped their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group restated a "buy" rating and issued a $80.00 target price (down previously from $91.00) on shares of Masco in a research note on Thursday, April 24th. Robert W. Baird lowered their target price on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Evercore ISI lowered their target price on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial lowered their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $73.63.

Insider Transactions at Masco

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

Masco Stock Down 1.8%

MAS stock traded down $1.13 on Monday, reaching $61.29. 2,342,696 shares of the company traded hands, compared to its average volume of 1,803,326. Masco Co. has a one year low of $56.55 and a one year high of $86.70. 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 company has a market cap of $12.93 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The firm has a fifty day simple moving average of $63.20 and a 200-day simple moving average of $71.51.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. Research analysts anticipate that Masco Co. will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced 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 dividend yield of 2.02%. The ex-dividend date is Friday, May 23rd. Masco's payout ratio is 33.88%.

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.