Schonfeld Strategic Advisors LLC boosted its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 173.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,898 shares of the construction company's stock after acquiring an additional 23,420 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Masco were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of Masco by 20.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock valued at $28,147,000 after purchasing an additional 56,626 shares during the period. Foster Victor Wealth Advisors LLC boosted its stake in Masco by 6.6% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company's stock worth $17,135,000 after purchasing an additional 13,568 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Masco by 69.1% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company's stock valued at $112,000 after purchasing an additional 631 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Masco by 5,050.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock worth $747,000 after purchasing an additional 10,100 shares in the last quarter. Finally, 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 buying an additional 20,129 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MAS. Loop Capital set a $62.00 target price on Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Evercore ISI cut their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Zelman & Associates upgraded shares of Masco to a "strong-buy" rating in a report on Friday, January 17th. Robert W. Baird reduced their target price on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial cut their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Ten equities 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, Masco has an average rating of "Hold" and a consensus target price of $73.10.
View Our Latest Research Report on Masco
Masco Price Performance
MAS stock traded up $0.38 during midday trading on Friday, reaching $62.09. 2,486,098 shares of the stock were exchanged, compared to its average volume of 1,755,024. The company has a fifty day moving average price of $65.61 and a 200 day moving average price of $73.53. Masco Co. has a 52 week low of $56.55 and a 52 week high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The stock has a market capitalization of $13.10 billion, a PE ratio of 16.51, a P/E/G ratio of 1.94 and a beta of 1.23.
Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.93 EPS. The company's quarterly revenue was down 6.5% on a year-over-year basis. As a group, analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.
Masco Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 21st. This represents a $1.24 annualized dividend and a yield of 2.00%. This is a boost from Masco's previous quarterly dividend of $0.29. Masco's dividend payout ratio (DPR) is currently 33.88%.
Insiders Place Their Bets
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 transaction of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. This represents a 8.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 60,267 shares of the company's stock, valued at approximately $4,601,988.12. This represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate 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.
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