Masco Co. (NYSE:MAS) Shares Sold by NBW Capital LLC

NBW Capital LLC trimmed its stake in shares of Masco Co. (NYSE:MAS) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,501 shares of the construction company’s stock after selling 1,425 shares during the period. Masco comprises 1.4% of NBW Capital LLC’s holdings, making the stock its 27th largest position. NBW Capital LLC’s holdings in Masco were worth $6,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. grew its holdings in Masco by 1,906.9% during the fourth quarter. Federated Hermes Inc. now owns 16,196 shares of the construction company’s stock worth $1,085,000 after acquiring an additional 15,389 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Masco by 6.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,956 shares of the construction company’s stock worth $1,337,000 after acquiring an additional 1,206 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Masco in the fourth quarter worth approximately $1,434,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Masco by 6.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after acquiring an additional 21,165 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Masco in the fourth quarter worth approximately $394,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Royal Bank of Canada lifted their target price on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Citigroup lifted their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Oppenheimer initiated coverage on Masco in a research report on Friday, January 19th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average price target of $69.62.

Insider Buying and Selling

In related news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Kenneth G. Cole sold 36,210 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the company’s 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 transaction, the vice president now directly owns 10,465 shares of the company’s stock, valued at $806,328.25. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock valued at $6,337,597 in the last three months. 1.10% of the stock is owned by corporate insiders.

Masco Trading Up 0.0 %

Shares of NYSE MAS traded up $0.03 during trading on Thursday, reaching $72.39. The stock had a trading volume of 765,769 shares, compared to its average volume of 2,020,991. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68. The business’s 50-day moving average price is $75.43 and its 200-day moving average price is $66.05. The company has a market cap of $15.97 billion, a P/E ratio of 18.04, a PEG ratio of 2.26 and a beta of 1.25.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts predict that Masco Co. will post 4.11 EPS 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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.60%. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 21st. Masco’s payout ratio is presently 28.93%.

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.