Swiss National Bank cut its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 703,300 shares of the construction company's stock after selling 19,300 shares during the quarter. Swiss National Bank owned 0.31% of Masco worth $47,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Masco in the 4th quarter worth approximately $39,000. Bruce G. Allen Investments LLC purchased a new stake in Masco in the 4th quarter worth approximately $44,000. VisionPoint Advisory Group LLC lifted its holdings in 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 buying an additional 435 shares during the period. Lindbrook Capital LLC lifted its holdings in Masco by 19.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company's stock worth $75,000 after buying an additional 182 shares during the period. Finally, Desjardins Global Asset Management Inc. lifted its holdings in Masco by 122.9% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,935 shares of the construction company's stock worth $130,000 after buying an additional 1,067 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Masco
In other news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the sale, the vice president now directly owns 10,465 shares of the company's stock, valued at $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 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 transaction of $385,250.00. Following the sale, the vice president now directly owns 10,465 shares of the company's stock, valued at $806,328.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jai Shah sold 42,552 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the sale, the insider now directly owns 15,830 shares in the company, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,762 shares of company stock worth $6,337,597. Corporate insiders own 1.10% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Oppenheimer began coverage on Masco in a report on Friday, January 19th. They issued a "market perform" rating for the company. Loop Capital decreased their target price on Masco from $79.00 to $76.00 and set a "hold" rating for the company in a research report on Thursday, April 25th. Evercore ISI decreased their target price on Masco from $75.00 to $74.00 and set an "in-line" rating for the company in a research report on Thursday, April 25th. Citigroup increased 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. Finally, Truist Financial increased 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. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Masco currently has an average rating of "Moderate Buy" and an average price target of $72.15.
Read Our Latest Stock Report on Masco
Masco Stock Up 0.6 %
MAS traded up $0.45 during trading on Tuesday, hitting $70.68. 1,662,175 shares of the company's stock traded hands, compared to its average volume of 2,048,991. The company's 50 day simple moving average is $74.46 and its two-hundred day simple moving average is $67.98. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. Masco Co. has a 12-month low of $47.66 and a 12-month high of $78.94. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.83 and a beta of 1.28.
Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating 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 business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.87 EPS. The company's revenue was down 2.7% compared to the same quarter last year. Analysts predict that Masco Co. will post 4.11 earnings per share for the current fiscal year.
Masco Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were given a dividend of $0.29 per share. 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 1.64%. Masco's payout ratio is 28.43%.
About Masco
(
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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