Masco Co. (NYSE:MAS) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in shares of Masco Co. (NYSE:MAS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 880,046 shares of the construction company's stock after purchasing an additional 62,965 shares during the period. AQR Capital Management LLC owned about 0.41% of Masco worth $63,865,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in Masco during the 4th quarter worth $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Masco during the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new stake in shares of Masco during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Masco in the fourth quarter worth about $42,000. Finally, GeoWealth Management LLC grew its stake in Masco by 89.0% during the 4th 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. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. 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. UBS Group reissued a "buy" rating and set a $80.00 price objective (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Barclays set a $71.00 target price on shares of Masco and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Jefferies Financial Group decreased their price target on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $73.10.

Masco Stock Performance

Shares of Masco stock traded up $2.02 on Friday, reaching $62.32. 2,613,149 shares of the company were exchanged, compared to its average volume of 1,742,091. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.94 and a beta of 1.23. 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's 50-day moving average is $66.71 and its two-hundred day moving average is $74.12.

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

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 21st were given a $0.31 dividend. This is a boost from Masco's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.24 annualized dividend and a yield of 1.99%. Masco's dividend payout ratio is 33.88%.

Insider Buying and Selling at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the 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 completion of the transaction, the chief executive officer now directly owns 60,267 shares of the company's stock, valued at $4,601,988.12. This represents a 26.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Renee Straber sold 3,139 shares of Masco stock in a transaction 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 sale, the vice president now directly owns 33,027 shares in the company, 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. 0.50% of the stock is owned by company insiders.

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.