Occudo Quantitative Strategies LP acquired a new stake in shares of Masco Co. (NYSE:MAS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,083 shares of the construction company's stock, valued at approximately $369,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Masco by 6.6% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company's stock valued at $17,135,000 after purchasing an additional 13,568 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Masco by 5,050.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock worth $747,000 after acquiring an additional 10,100 shares during the period. Empower Advisory Group LLC lifted its position in Masco by 2.0% during the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock worth $73,737,000 after acquiring an additional 20,129 shares during the period. Principal Securities Inc. lifted its position in Masco by 20.5% during the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock worth $823,000 after acquiring an additional 1,931 shares during the period. Finally, KBC Group NV lifted its position in Masco by 91.6% during the 4th quarter. KBC Group NV now owns 708,830 shares of the construction company's stock worth $51,440,000 after acquiring an additional 338,925 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on MAS. Evercore ISI lowered their price target on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Truist Financial lowered their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Robert W. Baird lowered their price target on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on Masco in a research report on Tuesday, April 1st. They set a "hold" rating and a $71.00 price target for the company. Finally, Zelman & Associates raised Masco to a "strong-buy" rating in a research report on Friday, January 17th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Masco presently has an average rating of "Hold" and a consensus price target of $73.63.
View Our Latest Stock Report on Masco
Masco Trading Up 0.9%
MAS stock opened at $67.27 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $56.55 and a 12-month high of $86.70. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.94 and a beta of 1.23. The business's 50-day moving average is $64.88 and its 200 day moving average is $73.00.
Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, sell-side analysts anticipate that Masco Co. will post 4.34 EPS for the current fiscal year.
Masco Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 23rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio is presently 33.88%.
Insider Activity at Masco
In related news, VP Renee Straber sold 3,139 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares in the company, valued at approximately $2,370,678.06. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Keith J. Allman sold 21,723 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total value of $1,658,768.28. Following the transaction, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. This trade represents a 26.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.
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.
Further Reading
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