Axxcess Wealth Management LLC raised its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 306.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,721 shares of the construction company's stock after purchasing an additional 14,110 shares during the period. Axxcess Wealth Management LLC's holdings in Masco were worth $1,254,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp increased its position in Masco by 15.4% in the third quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company's stock worth $284,404,000 after buying an additional 711,988 shares during the period. Lazard Asset Management LLC boosted its stake in Masco by 1,307.8% during the 3rd quarter. Lazard Asset Management LLC now owns 686,794 shares of the construction company's stock valued at $36,708,000 after purchasing an additional 638,010 shares during the period. Acadian Asset Management LLC boosted its stake in Masco by 443.5% during the 3rd quarter. Acadian Asset Management LLC now owns 502,157 shares of the construction company's stock valued at $26,829,000 after purchasing an additional 409,767 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Masco by 87.3% in the third quarter. Qube Research & Technologies Ltd now owns 815,888 shares of the construction company's stock valued at $43,609,000 after purchasing an additional 380,267 shares during the period. Finally, Yacktman Asset Management LP bought a new stake in shares of Masco during the third quarter valued at approximately $19,542,000. 93.91% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, VP Richard Allan Marshall sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at approximately $806,328.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Kenneth G. Cole sold 36,210 shares of Masco 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 $4,395,765.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the sale, the vice president now owns 10,465 shares of the company's stock, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders have sold 83,762 shares of company stock valued at $6,337,597 over the last three months. 1.10% of the stock is currently owned by insiders.
Masco Stock Up 1.0 %
Shares of MAS traded up $0.67 during trading hours on Monday, reaching $70.23. The company's stock had a trading volume of 954,810 shares, compared to its average volume of 2,052,719. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.83 and a beta of 1.28. The company has a 50 day moving average of $74.68 and a two-hundred day moving average of $67.69. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94.
Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.
Masco Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. Masco's dividend payout ratio is currently 28.43%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Citigroup increased 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. Oppenheimer started coverage on shares of Masco in a research note on Friday, January 19th. They set a "market perform" rating on the stock. Evercore ISI decreased their target price on shares of Masco from $75.00 to $74.00 and set an "in-line" rating for the company in a research report on Thursday, April 25th. StockNews.com cut Masco from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on shares of Masco from $79.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $72.15.
Check Out Our Latest Analysis on MAS
Masco Company Profile
(
Free Report)
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.
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