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

Cwm LLC decreased its position in shares of Masco Co. (NYSE:MAS) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,910 shares of the construction company’s stock after selling 2,964 shares during the quarter. Cwm LLC’s holdings in Masco were worth $4,415,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC raised its stake in shares of Masco by 19.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after purchasing an additional 182 shares in the last quarter. abrdn plc raised its stake in shares of Masco by 63.4% during the fourth quarter. abrdn plc now owns 97,052 shares of the construction company’s stock valued at $6,501,000 after purchasing an additional 37,639 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Masco by 1,906.9% during the fourth quarter. Federated Hermes Inc. now owns 16,196 shares of the construction company’s stock valued at $1,085,000 after purchasing an additional 15,389 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Masco by 6.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 19,956 shares of the construction company’s stock valued at $1,337,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Masco during the fourth quarter valued at about $1,434,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

NYSE MAS opened at $73.01 on Wednesday. The stock’s 50-day moving average price is $75.38 and its two-hundred day moving average price is $66.72. 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 company has a market cap of $16.10 billion, a PE ratio of 18.21, a PEG ratio of 2.24 and a beta of 1.25. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. On average, analysts predict that Masco Co. will post 4.11 EPS 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. This represents a $1.16 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s payout ratio is 28.93%.

Insider Buying and Selling at Masco

In other Masco news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Masco news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jai Shah sold 42,552 shares of Masco stock in a transaction dated 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 directly owns 15,830 shares in the company, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock valued at $6,337,597 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MAS has been the topic of a number of recent analyst reports. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Oppenheimer started coverage on shares of Masco in a research note on Friday, January 19th. They set a “market perform” rating on the stock. Citigroup boosted their price target on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Truist Financial boosted their price target on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada boosted their price target on shares of Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.62.

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.