SVB Wealth LLC Sells 69,240 Shares of Masco Co. (NYSE:MAS)

SVB Wealth LLC reduced its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,832 shares of the construction company's stock after selling 69,240 shares during the period. SVB Wealth LLC owned 0.09% of Masco worth $13,251,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MAS. Center for Financial Planning Inc. raised its holdings in Masco by 270.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company's stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Masco in the 4th quarter valued at $39,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Masco during the 4th quarter valued at $44,000. VisionPoint Advisory Group LLC increased its holdings in shares of Masco by 70.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company's stock worth $56,000 after buying an additional 435 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Masco during the 3rd quarter worth $66,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Masco

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the transaction, the vice president now owns 58,885 shares of the company's stock, valued at $4,395,765.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Masco news, insider Jai Shah sold 42,552 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the sale, the vice president now owns 58,885 shares in the company, valued at approximately $4,395,765.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,762 shares of company stock valued at $6,337,597. Insiders own 1.10% of the company's stock.

Masco Stock Down 0.7 %

Shares of Masco stock traded down $0.50 during trading hours on Tuesday, hitting $72.56. 1,943,995 shares of the company's stock traded hands, compared to its average volume of 2,042,910. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94. The stock has a 50 day simple moving average of $75.39 and a 200-day simple moving average of $66.01. The company has a market cap of $16.00 billion, a PE ratio of 18.09, a PEG ratio of 2.29 and a beta of 1.25.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 EPS for the quarter, topping 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 business 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 posted $0.65 earnings per share. The company's quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.29 per share. This is a boost from Masco's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.16 annualized dividend and a dividend yield of 1.60%. Masco's dividend payout ratio (DPR) is presently 28.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a report on Wednesday, March 27th. Citigroup upped their price objective on Masco from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Royal Bank of Canada upped their price objective on Masco from $73.00 to $79.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. Truist Financial upped their price objective on Masco from $65.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Finally, Oppenheimer started coverage on Masco in a report on Friday, January 19th. They issued a "market perform" rating for the company. 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, the company has an average rating of "Hold" and a consensus price target of $69.62.

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.