OMERS ADMINISTRATION Corp Has $1.87 Million Position in Masco Co. (NYSE:MAS)

OMERS ADMINISTRATION Corp lessened its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 26.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,776 shares of the construction company's stock after selling 9,145 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Masco were worth $1,871,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MAS. Foster Victor Wealth Advisors LLC raised its position 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 worth $17,135,000 after buying an additional 13,568 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Masco by 5,050.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock valued at $747,000 after acquiring an additional 10,100 shares during the period. Empower Advisory Group LLC raised its holdings in Masco by 2.0% during the fourth quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock worth $73,737,000 after purchasing an additional 20,129 shares in the last quarter. Principal Securities Inc. lifted its position in Masco by 20.5% in the fourth quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock worth $823,000 after purchasing an additional 1,931 shares during the period. Finally, KBC Group NV boosted its stake in Masco by 91.6% during the 4th quarter. KBC Group NV now owns 708,830 shares of the construction company's stock valued at $51,440,000 after purchasing an additional 338,925 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Shares of MAS stock traded down $0.92 during trading hours on Monday, hitting $66.74. The company had a trading volume of 1,296,668 shares, compared to its average volume of 1,791,048. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The firm's fifty day moving average is $64.81 and its 200 day moving average is $72.81. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. On average, sell-side analysts predict that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 23rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.86%. Masco's dividend payout ratio (DPR) is 33.88%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MAS shares. The Goldman Sachs Group reduced their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group dropped their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI reduced their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Truist Financial cut their target price on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital set a $62.00 price target on Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $73.63.

Insider Buying and Selling at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. This represents a 26.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Masco Company 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.