FORA Capital LLC Buys Shares of 21,238 Masco Co. (NYSE:MAS)

FORA Capital LLC bought a new position in shares of Masco Co. (NYSE:MAS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 21,238 shares of the construction company's stock, valued at approximately $1,541,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Masco by 20.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock valued at $28,147,000 after purchasing an additional 56,626 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of Masco by 6.6% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company's stock valued at $17,135,000 after purchasing an additional 13,568 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Masco by 5,050.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock valued at $747,000 after purchasing an additional 10,100 shares during the last quarter. Principal Securities Inc. raised its position in shares of Masco by 20.5% in the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock valued at $823,000 after purchasing an additional 1,931 shares during the last quarter. Finally, Empower Advisory Group LLC raised its position in shares of Masco by 2.0% in the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock valued at $73,737,000 after purchasing an additional 20,129 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAS. Truist Financial cut their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada cut their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company cut their price target on shares of Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Ten equities research 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, the company currently has an average rating of "Hold" and a consensus price target of $73.10.

Masco Stock Performance

NYSE MAS traded up $7.17 on Monday, reaching $69.27. The stock had a trading volume of 5,885,518 shares, compared to its average volume of 1,776,756. 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 Co. has a 12-month low of $56.55 and a 12-month high of $86.70. The business's 50-day moving average price is $65.31 and its 200 day moving average price is $73.18. The stock has a market cap of $14.61 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. Masco's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts expect 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. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio (DPR) is presently 33.88%.

Insider Transactions at Masco

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction on Wednesday, February 26th. The stock was 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 owns 60,267 shares in the company, valued at approximately $4,601,988.12. This represents a 26.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Renee Straber sold 3,139 shares of the 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 completion of the transaction, the vice president now owns 33,027 shares of the company's stock, valued at $2,370,678.06. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

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.