Goodman Advisory Group LLC Acquires New Shares in Masco Co. (NYSE:MAS)

Goodman Advisory Group LLC acquired a new position in Masco Co. (NYSE:MAS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,412 shares of the construction company's stock, valued at approximately $1,434,000.

A number of other hedge funds also recently added to or reduced their stakes in MAS. Center for Financial Planning Inc. lifted its position in shares of Masco by 270.6% during the third quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company's stock valued at $36,000 after buying an additional 487 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Masco during the fourth quarter valued at about $39,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Masco during the fourth quarter valued at about $44,000. VisionPoint Advisory Group LLC lifted its position in shares of Masco by 70.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company's stock valued at $56,000 after buying an additional 435 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Masco during the third quarter valued at about $66,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Masco

In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the transaction, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the transaction, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jai Shah sold 42,552 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now owns 15,830 shares in the company, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,762 shares of company stock valued at $6,337,597. 1.10% of the stock is owned by company insiders.

Masco Stock Performance

Shares of NYSE MAS traded down $0.20 during midday trading on Wednesday, reaching $72.36. 1,600,054 shares of the stock were exchanged, compared to its average volume of 2,038,389. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.27 and a beta of 1.25. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94. The firm has a 50-day simple moving average of $75.43 and a two-hundred day simple moving average of $66.05. 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 (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Increases Dividend

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

Analysts Set New Price Targets

Several analysts have commented on MAS shares. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research report on Wednesday, March 27th. Royal Bank of Canada increased their price objective on shares of Masco from $73.00 to $79.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Truist Financial increased their price objective on shares of Masco from $65.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Citigroup increased their price objective on shares of Masco from $74.00 to $79.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. Finally, Oppenheimer initiated coverage on shares of Masco in a research report on Friday, January 19th. They issued a "market perform" rating for the company. One research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.