Yacktman Asset Management LP Has $31.83 Million Stock Holdings in Masco Co. (NYSE:MAS)

Yacktman Asset Management LP grew its stake in Masco Co. (NYSE:MAS - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 475,183 shares of the construction company's stock after purchasing an additional 109,564 shares during the period. Yacktman Asset Management LP owned approximately 0.21% of Masco worth $31,828,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Masco by 1.2% in the third quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company's stock valued at $1,378,337,000 after buying an additional 298,116 shares in the last quarter. Boston Partners boosted its stake in shares of Masco by 4.2% in the third quarter. Boston Partners now owns 9,021,312 shares of the construction company's stock valued at $481,875,000 after buying an additional 359,562 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Masco by 15.4% in the third quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company's stock valued at $284,404,000 after buying an additional 711,988 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Masco by 3.8% in the third quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company's stock valued at $210,325,000 after buying an additional 145,472 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Masco by 1.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company's stock valued at $223,288,000 after buying an additional 57,395 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MAS. Evercore ISI decreased their price target on Masco from $75.00 to $74.00 and set an "in-line" rating on the stock in a research note on Thursday. Truist Financial boosted their target price on Masco from $65.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Citigroup boosted their target price on Masco from $74.00 to $79.00 and gave the stock a "neutral" rating in a research report on Friday, April 5th. StockNews.com upgraded Masco from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Loop Capital decreased their target price on Masco from $79.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.07.

Masco Trading Down 0.0 %

NYSE MAS traded down $0.02 during trading hours on Friday, hitting $69.85. 1,921,758 shares of the company's stock were exchanged, compared to its average volume of 2,080,258. The business's 50 day moving average is $75.17 and its 200-day moving average is $66.88. Masco Co. has a 12-month low of $47.66 and a 12-month high of $78.94. The firm has a market capitalization of $15.41 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.08 and a current ratio of 1.74.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The firm's revenue for the quarter was down 2.7% 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. Masco's dividend payout ratio (DPR) is 28.43%.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 36,210 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the transaction, the vice president now directly owns 58,885 shares in the company, valued at approximately $4,395,765.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 directly owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock worth $6,337,597 in the last three months. 1.10% of the stock is currently owned by company insiders.

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.