Masco Co. (NYSE:MAS) Stock Position Lowered by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 746,814 shares of the construction company's stock after selling 135,710 shares during the quarter. Lord Abbett & CO. LLC owned about 0.35% of Masco worth $54,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAS. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the 4th quarter worth $27,000. Golden State Wealth Management LLC purchased a new position in shares of Masco in the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Masco in the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new stake in Masco during the 4th quarter worth approximately $42,000. Finally, GeoWealth Management LLC raised its holdings in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the subject of several recent research reports. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Masco in a report on Tuesday, April 1st. They set a "hold" rating and a $71.00 target price on the stock. Finally, UBS Group restated a "buy" rating and issued a $80.00 price target (down previously from $91.00) on shares of Masco in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $73.10.

Insider Buying and Selling at Masco

In related news, VP Renee Straber sold 3,139 shares of Masco stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keith J. Allman sold 21,723 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 60,267 shares of the company's stock, valued at approximately $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.

Masco Stock Down 0.2 %

Shares of Masco stock traded down $0.12 during trading on Thursday, reaching $60.49. The company had a trading volume of 625,206 shares, compared to its average volume of 1,731,817. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. Masco Co. has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The firm's fifty day moving average is $67.26 and its 200-day moving average is $74.52.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $0.93 EPS. Masco's revenue was down 6.5% compared to the same quarter last year. On average, analysts anticipate that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a dividend of $0.31 per share. This is an increase from Masco's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, February 21st. Masco's dividend payout ratio is presently 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.