Cambiar Investors LLC Has $12.19 Million Stock Holdings in Masco Co. (NYSE:MAS)

Cambiar Investors LLC cut its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,043 shares of the construction company's stock after selling 29,307 shares during the quarter. Cambiar Investors LLC owned about 0.08% of Masco worth $12,193,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. DecisionPoint Financial LLC purchased a new stake in shares of Masco in the second quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of Masco during the 4th quarter worth $39,000. VisionPoint Advisory Group LLC acquired a new position in shares of Masco during the 2nd quarter valued at about $35,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Masco in the fourth quarter valued at about $44,000. Finally, Center for Financial Planning Inc. increased its position in Masco by 270.6% during the third quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company's stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Insider Activity at Masco

In other news, VP Richard Allan Marshall sold 5,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the sale, the vice president now owns 10,465 shares of the company's stock, valued at approximately $806,328.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Kenneth G. Cole sold 36,210 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the transaction, the vice president now owns 58,885 shares in the company, valued at approximately $4,395,765.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Richard Allan Marshall sold 5,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the sale, the vice president now owns 10,465 shares of the company's stock, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders have sold 83,762 shares of company stock valued at $6,337,597 over the last quarter. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Masco from $73.00 to $79.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a research report on Wednesday, March 27th. Oppenheimer assumed coverage on Masco in a report on Friday, January 19th. They set a "market perform" rating for the company. Truist Financial increased their target price on shares of Masco from $65.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Finally, The Goldman Sachs Group boosted their price target on shares of Masco from $66.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Masco presently has an average rating of "Hold" and an average target price of $69.62.

Masco Stock Up 0.4 %

NYSE MAS traded up $0.32 during trading hours on Friday, hitting $76.90. 1,348,178 shares of the company were exchanged, compared to its average volume of 2,255,173. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.16 and a beta of 1.25. The company has a 50 day moving average of $74.56 and a two-hundred day moving average of $64.97. Masco Co. has a 52-week low of $46.69 and a 52-week high of $78.94.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm's revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that Masco Co. will post 4.12 earnings per share for the current year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is presently 28.93%.

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.