Summit Trail Advisors LLC Trims Stock Holdings in Masco Co. (NYSE:MAS)

Summit Trail Advisors LLC reduced its stake in Masco Co. (NYSE:MAS) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,628 shares of the construction company’s stock after selling 1,377 shares during the period. Summit Trail Advisors LLC’s holdings in Masco were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MAS. National Bank of Canada FI grew its holdings in Masco by 217.0% during the 4th quarter. National Bank of Canada FI now owns 162,830 shares of the construction company’s stock valued at $10,840,000 after buying an additional 111,469 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in Masco by 306.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 18,721 shares of the construction company’s stock worth $1,254,000 after acquiring an additional 14,110 shares during the period. Power Wealth Management LLC purchased a new stake in Masco in the 4th quarter worth approximately $232,000. M&T Bank Corp grew its position in shares of Masco by 1.9% during the 4th quarter. M&T Bank Corp now owns 12,899 shares of the construction company’s stock valued at $864,000 after purchasing an additional 243 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Masco by 87,241.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 117,037 shares of the construction company’s stock worth $7,840,000 after purchasing an additional 116,903 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Performance

Shares of NYSE:MAS opened at $70.28 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The company has a market cap of $15.48 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a 50-day moving average price of $74.46 and a 200-day moving average price of $67.98.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.87 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.65%. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. Masco’s payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial boosted their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Evercore ISI lowered their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada upped their target price on shares of Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Citigroup raised their price target 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 assumed coverage on Masco in a research report on Friday, January 19th. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.15.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 36,210 shares of Masco stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 in the company, valued at $4,395,765.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,762 shares of company stock valued at $6,337,597. Corporate insiders own 1.10% of the company’s stock.

Masco 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.