Tudor Investment Corp ET AL Sells 25,575 Shares of Masco Co. (NYSE:MAS)

Tudor Investment Corp ET AL decreased its holdings in Masco Co. (NYSE:MAS - Free Report) by 75.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,381 shares of the construction company's stock after selling 25,575 shares during the period. Tudor Investment Corp ET AL's holdings in Masco were worth $608,000 as of its most recent SEC filing.

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

Masco Price Performance

Shares of NYSE:MAS traded up $0.38 during trading on Friday, hitting $62.09. 2,510,898 shares of the company's stock were exchanged, compared to its average volume of 1,756,970. The business's 50-day simple moving average is $65.40 and its 200 day simple moving average is $73.39. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.94 and a beta of 1.23. Masco Co. has a 52-week low of $56.55 and a 52-week 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.

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

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were given a dividend of $0.31 per share. This is a positive change from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.00%. Masco's dividend payout ratio (DPR) is presently 33.88%.

Wall Street Analysts Forecast Growth

MAS has been the topic of several research analyst reports. Oppenheimer raised Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target on the stock in a report on Friday, January 10th. Wells Fargo & Company dropped their target price 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. Zelman & Associates raised shares of Masco to a "strong-buy" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masco in a report on Tuesday, April 1st. They issued a "hold" rating and a $71.00 price objective on the stock. Finally, Robert W. Baird reduced their target price on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $73.10.

Insider Buying and Selling

In related news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction dated 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 trade represents a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Renee Straber sold 3,139 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $2,370,678.06. The trade was 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 owned by company insiders.

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.