Man Group plc Boosts Stock Position in Masco Co. (NYSE:MAS)

Man Group plc boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 133.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 303,184 shares of the construction company's stock after buying an additional 173,311 shares during the period. Man Group plc owned about 0.14% of Masco worth $22,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in Masco during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Masco in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Masco in the fourth quarter valued at $42,000. GeoWealth Management LLC raised its stake in shares of 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 purchasing an additional 322 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Masco by 26.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock worth $51,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of research reports. Wells Fargo & Company raised their target price on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Masco in a report on Tuesday, April 1st. They issued a "hold" rating and a $71.00 price target on the stock. Truist Financial reduced their target price on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Barclays set a $71.00 target price on Masco and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Loop Capital set a $62.00 target price on Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Ten investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $73.63.

Insiders Place Their Bets

In other Masco news, VP Renee Straber sold 3,139 shares of Masco stock in a transaction that occurred 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 sale, the vice president now directly owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the sale, 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 position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Masco Price Performance

NYSE:MAS traded down $0.86 during trading hours on Tuesday, hitting $65.87. The company's stock had a trading volume of 1,326,085 shares, compared to its average volume of 1,792,041. The stock has a fifty day simple moving average of $64.72 and a 200-day simple moving average of $72.71. The company has a market capitalization of $13.89 billion, a P/E ratio of 17.52, a PEG ratio of 1.94 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco Co. has a twelve month low of $56.55 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly 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). Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business's revenue for the quarter 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 fiscal year.

Masco Announces Dividend

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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.88%. Masco's payout ratio is currently 33.88%.

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.