Pinebridge Investments L.P. Has $20.72 Million Stock Holdings in Masco Co. (NYSE:MAS)

Pinebridge Investments L.P. trimmed its position in shares of Masco Co. (NYSE:MAS - Free Report) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,540 shares of the construction company's stock after selling 34,378 shares during the period. Pinebridge Investments L.P. owned 0.13% of Masco worth $20,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Masco in the 4th quarter worth about $27,000. Golden State Wealth Management LLC bought a new position in shares of Masco in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Masco in the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. bought a new position in shares of Masco in the fourth quarter valued at approximately $42,000. Finally, GeoWealth Management LLC boosted its holdings in shares of Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAS shares. Robert W. Baird decreased their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Barclays set a $71.00 target price on shares of Masco and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wells Fargo & Company reduced their target price on shares of Masco from $82.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Evercore ISI reduced their target price on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Finally, Jefferies Financial Group reduced their target price on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Ten research 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 company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $73.10.

Insiders Place Their Bets

In other news, VP Renee Straber sold 3,139 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. This trade represents a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction 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 represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Masco Stock Up 0.4 %

MAS stock traded up $0.22 during midday trading on Tuesday, reaching $60.70. The company had a trading volume of 564,061 shares, compared to its average volume of 1,724,705. Masco Co. has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $12.80 billion, a P/E ratio of 16.13, a PEG ratio of 1.94 and a beta of 1.24. The company has a 50 day moving average of $67.87 and a two-hundred day moving average of $74.72.

Masco (NYSE:MAS - Get Free Report) last released its 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). Masco had a return on equity of 838.32% and a net margin of 10.50%. The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Masco Co. will post 4.34 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 10th. Shareholders of record on Friday, February 21st were given a $0.31 dividend. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a yield of 2.04%. Masco's dividend payout ratio is presently 33.88%.

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.