OLD National Bancorp IN Sells 208 Shares of Masco Co. (NYSE:MAS)

OLD National Bancorp IN reduced its position in shares of Masco Co. (NYSE:MAS) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,663 shares of the construction company’s stock after selling 208 shares during the quarter. OLD National Bancorp IN’s holdings in Masco were worth $513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAS. HB Wealth Management LLC bought a new stake in Masco during the 3rd quarter worth about $205,000. Exchange Traded Concepts LLC bought a new stake in Masco during the 3rd quarter worth about $66,000. SS&H Financial Advisors Inc. bought a new stake in Masco during the 3rd quarter worth about $408,000. Czech National Bank raised its holdings in Masco by 47.5% during the 3rd quarter. Czech National Bank now owns 39,313 shares of the construction company’s stock worth $2,101,000 after purchasing an additional 12,667 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Masco by 5.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 89,402 shares of the construction company’s stock worth $4,779,000 after purchasing an additional 4,702 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Insider Transactions at Masco

In other news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available at the SEC website. In related news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now owns 58,885 shares in the company, valued at approximately $4,395,765.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the sale, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock worth $6,337,597 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Masco Price Performance

Shares of MAS opened at $69.74 on Thursday. Masco Co. has a 52-week low of $47.66 and a 52-week high of $78.94. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68. The stock has a 50 day simple moving average of $75.31 and a 200 day simple moving average of $66.74. The firm has a market capitalization of $15.38 billion, a PE ratio of 17.39, a P/E/G ratio of 2.27 and a beta of 1.25.

Masco (NYSE:MAS) last released its quarterly earnings results 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 3,111.50% and a net margin of 11.40%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Sell-side analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports 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. Royal Bank of Canada boosted 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. Citigroup boosted 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. Oppenheimer assumed coverage on Masco in a research report on Friday, January 19th. They set a “market perform” rating for the company. Finally, StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.62.

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.