Masco Co. (NYSE:MAS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its stake in Masco Co. (NYSE:MAS - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,073,907 shares of the construction company's stock after selling 13,077 shares during the quarter. Impax Asset Management Group plc owned approximately 1.37% of Masco worth $205,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAS. Janney Montgomery Scott LLC increased its holdings in Masco by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company's stock worth $623,000 after acquiring an additional 178 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Masco by 2.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company's stock worth $354,000 after acquiring an additional 180 shares during the period. Donald L. Hagan LLC increased its holdings in Masco by 0.9% during the 4th quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company's stock worth $1,414,000 after acquiring an additional 186 shares during the period. First Hawaiian Bank increased its holdings in Masco by 1.3% during the 4th quarter. First Hawaiian Bank now owns 15,167 shares of the construction company's stock worth $1,016,000 after acquiring an additional 195 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in Masco by 2.2% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,240 shares of the construction company's stock worth $494,000 after acquiring an additional 200 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masco

In other Masco news, insider Jai Shah sold 42,552 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the sale, the insider now owns 15,830 shares of the company's stock, valued at approximately $1,208,778.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jai Shah sold 42,552 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now directly owns 15,830 shares of the company's stock, valued at approximately $1,208,778.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the vice president now directly owns 10,465 shares of the company's stock, valued at $806,328.25. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock valued at $6,337,597 in the last quarter. Company insiders own 1.50% of the company's stock.

Masco Trading Down 0.5 %

Shares of MAS stock traded down $0.39 on Tuesday, hitting $76.73. 1,181,063 shares of the company's stock traded hands, compared to its average volume of 2,044,736. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68. Masco Co. has a one year low of $46.77 and a one year high of $78.94. The company's fifty day simple moving average is $74.90 and its 200 day simple moving average is $65.30. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.16 and a beta of 1.25.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly 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. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.79 billion. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Equities analysts forecast that Masco Co. will post 4.12 EPS for the current year.

Masco Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on MAS shares. JPMorgan Chase & Co. upped their target price on shares of Masco from $58.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, December 14th. Oppenheimer assumed coverage on shares of Masco in a report on Friday, January 19th. They issued a "market perform" rating on the stock. The Goldman Sachs Group increased their price target on shares of Masco from $66.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, December 14th. Truist Financial increased their price target on shares of Masco from $65.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Finally, Citigroup increased their price target on shares of Masco from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Masco has a consensus rating of "Hold" and a consensus target price of $69.62.

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.