Lindbrook Capital LLC Boosts Stake in Masco Co. (NYSE:MAS)

Lindbrook Capital LLC raised its position in Masco Co. (NYSE:MAS) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,115 shares of the construction company’s stock after buying an additional 182 shares during the period. Lindbrook Capital LLC’s holdings in Masco were worth $75,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. abrdn plc increased its stake in shares of Masco by 63.4% during the 4th quarter. abrdn plc now owns 97,052 shares of the construction company’s stock worth $6,501,000 after purchasing an additional 37,639 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Masco by 1,906.9% during the 4th quarter. Federated Hermes Inc. now owns 16,196 shares of the construction company’s stock worth $1,085,000 after purchasing an additional 15,389 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Masco by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,956 shares of the construction company’s stock worth $1,337,000 after purchasing an additional 1,206 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Masco during the 4th quarter worth approximately $1,434,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Masco by 6.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after purchasing an additional 21,165 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Down 4.5 %

MAS opened at $69.74 on Thursday. The stock has a market cap of $15.38 billion, a PE ratio of 17.39, a P/E/G ratio of 2.27 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94. The business’s fifty day simple moving average is $75.31 and its 200 day simple moving average is $66.74.

Masco (NYSE:MAS) last released its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. As a group, research analysts expect that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is currently 28.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAS. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Oppenheimer initiated coverage on shares of Masco in a research note on Friday, January 19th. They set a “market perform” rating for the company. Truist Financial boosted their target price on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup increased their target price on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada increased their target price on Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Six 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 has an average rating of “Moderate Buy” and an average price target of $69.62.

Insider Buying and Selling at Masco

In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at $806,328.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at $806,328.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kenneth G. Cole sold 36,210 shares of the company’s 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 owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The disclosure for this sale can be found here. Insiders sold a total of 83,762 shares of company stock worth $6,337,597 over the last three months. Company insiders own 1.10% of the company’s stock.

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.