Masco Co. (NYSE:MAS) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in Masco Co. (NYSE:MAS - Free Report) by 1,906.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,196 shares of the construction company's stock after buying an additional 15,389 shares during the period. Federated Hermes Inc.'s holdings in Masco were worth $1,085,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAS. Evercore ISI lowered their price target on shares of Masco from $75.00 to $74.00 and set an "in-line" rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada lifted their price target on shares of Masco from $79.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. StockNews.com upgraded shares of Masco from a "hold" rating to a "buy" rating in a research note on Thursday, April 25th. Oppenheimer assumed coverage on shares of Masco in a research note on Friday, January 19th. They issued a "market perform" rating for the company. Finally, Truist Financial lifted their price objective on shares of Masco from $65.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.15.

Masco Price Performance

NYSE:MAS traded up $0.13 during midday trading on Wednesday, hitting $68.58. The company had a trading volume of 1,514,154 shares, compared to its average volume of 2,076,404. Masco Co. has a 52-week low of $47.66 and a 52-week high of $78.94. The stock's fifty day moving average price is $75.00 and its 200-day moving average price is $67.33. The company has a market capitalization of $15.10 billion, a PE ratio of 16.69, a P/E/G ratio of 1.84 and a beta of 1.25. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. Masco's quarterly revenue was down 2.7% on a year-over-year basis. As a group, research analysts expect that Masco Co. will post 4.12 earnings per share for the current year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is an increase from Masco's previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 1.69%. Masco's dividend payout ratio (DPR) is presently 28.43%.

Insiders Place Their Bets

In other news, VP Richard Allan Marshall sold 5,000 shares of the firm's stock in a transaction on Friday, March 1st. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Richard Allan Marshall sold 5,000 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the transaction, the vice president now directly owns 10,465 shares of the company's stock, valued at $806,328.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $3,249,270.72. Following the transaction, the insider now directly owns 15,830 shares of the company's stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,762 shares of company stock worth $6,337,597. Company insiders own 1.10% of the company's stock.

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.