Masco Co. (NYSE:MAS) Shares Bought by Union Savings Bank

Union Savings Bank increased its holdings in Masco Co. (NYSE:MAS) by 91.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575 shares of the construction company’s stock after purchasing an additional 275 shares during the quarter. Union Savings Bank’s holdings in Masco were worth $39,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Masco by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after acquiring an additional 178 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Masco by 2.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after acquiring an additional 180 shares during the last quarter. Lindbrook Capital LLC grew its position in Masco by 19.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock worth $75,000 after acquiring an additional 182 shares in the last quarter. Donald L. Hagan LLC increased its stake in shares of Masco by 0.9% during the 4th quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock worth $1,414,000 after purchasing an additional 186 shares during the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of Masco by 1.3% in the 4th quarter. First Hawaiian Bank now owns 15,167 shares of the construction company’s stock valued at $1,016,000 after purchasing an additional 195 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

MAS traded down $0.51 during trading hours on Thursday, reaching $68.45. The company’s stock had a trading volume of 492,877 shares, compared to its average volume of 1,946,709. The firm has a market cap of $15.08 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. The company’s 50-day moving average is $73.19 and its 200-day moving average is $69.34. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, May 23rd. Masco’s payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAS. Evercore ISI decreased their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Citigroup raised their price objective on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Truist Financial increased their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.15.

Insider Transactions at Masco

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 sale, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction that occurred on 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 owns 10,465 shares in the company, valued at $806,328.25. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.