Calamos Advisors LLC Decreases Position in Masco Co. (NYSE:MAS)

Calamos Advisors LLC decreased its stake in Masco Co. (NYSE:MAS) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,749 shares of the construction company’s stock after selling 2,100 shares during the period. Calamos Advisors LLC owned approximately 0.07% of Masco worth $10,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. United Bank boosted its holdings in Masco by 23.7% in the first quarter. United Bank now owns 12,644 shares of the construction company’s stock valued at $645,000 after purchasing an additional 2,425 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Masco by 21.0% in the first quarter. MetLife Investment Management LLC now owns 65,264 shares of the construction company’s stock valued at $3,328,000 after purchasing an additional 11,337 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Masco by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,103 shares of the construction company’s stock valued at $1,637,000 after purchasing an additional 1,466 shares during the last quarter. LSV Asset Management purchased a new position in Masco in the first quarter valued at about $495,000. Finally, Allianz Asset Management GmbH boosted its holdings in Masco by 200.0% in the first quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock valued at $23,345,000 after purchasing an additional 305,138 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of Masco 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 sale, the vice president now owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Masco news, VP Kenneth G. Cole sold 36,210 shares of Masco 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 sale, the vice president now owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jai Shah sold 42,552 shares of Masco stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the transaction, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The disclosure for this sale can be found here. Insiders have sold 83,762 shares of company stock valued at $6,337,597 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Citigroup upped their price objective on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada upped their price objective on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Oppenheimer started coverage on Masco in a research note on Friday, January 19th. They set a “market perform” rating on the stock. Finally, Truist Financial upped their price objective on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Masco currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.62.

Masco Stock Down 0.4 %

Shares of Masco stock opened at $71.91 on Friday. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.25 and a beta of 1.25. The business’s 50 day simple moving average is $75.39 and its 200-day simple moving average is $66.23.

Masco (NYSE:MAS) last announced its earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Equities research analysts forecast that Masco Co. will post 4.11 earnings per share for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.16 annualized dividend and a yield of 1.61%. This is an increase from Masco’s previous quarterly dividend of $0.29. Masco’s payout ratio is presently 28.93%.

About Masco

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.