Masco Co. (NYSE:MAS) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 83.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,530 shares of the construction company's stock after buying an additional 6,630 shares during the quarter. Aquatic Capital Management LLC's holdings in Masco were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock worth $28,147,000 after purchasing an additional 56,626 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted 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 worth $17,135,000 after buying an additional 13,568 shares in the last quarter. Versant Capital Management Inc grew its stake in Masco by 69.1% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company's stock valued at $112,000 after acquiring an additional 631 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Masco by 5,050.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock valued at $747,000 after acquiring an additional 10,100 shares in the last quarter. Finally, Empower Advisory Group LLC raised its position in Masco by 2.0% during the fourth quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock worth $73,737,000 after acquiring an additional 20,129 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 0.7 %

Shares of NYSE:MAS traded down $0.44 during midday trading on Tuesday, hitting $61.32. 171,595 shares of the company's stock traded hands, compared to its average volume of 1,737,295. The company has a market cap of $12.94 billion, a PE ratio of 16.31, a P/E/G ratio of 1.94 and a beta of 1.23. Masco Co. has a twelve month low of $56.55 and a twelve month high of $86.70. The firm's fifty day moving average price is $66.43 and its two-hundred day moving average price is $73.87. 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 (NYSE:MAS - Get Free Report) last announced its earnings results 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 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 last year, the company posted $0.93 earnings per share. Masco's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a $0.31 dividend. This is a boost from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 2.02%. Masco's payout ratio is 33.88%.

Insider Activity at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $4,601,988.12. This represents a 26.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Renee Straber sold 3,139 shares of Masco stock in a transaction dated 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. This trade represents a 8.68 % 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Masco from $82.00 to $77.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Zelman & Associates raised Masco to a "strong-buy" rating in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Truist Financial decreased their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Loop Capital set a $62.00 price target on shares of Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Ten equities research 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $73.10.

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.