Kapitalo Investimentos Ltda Buys New Position in Masco Co. (NYSE:MAS)

Kapitalo Investimentos Ltda purchased a new position in shares of Masco Co. (NYSE:MAS) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,981 shares of the construction company’s stock, valued at approximately $216,000.

Several other hedge funds also recently modified their holdings of MAS. Allworth Financial LP lifted its stake in shares of Masco by 17.3% during the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after buying an additional 133 shares during the period. Equitable Trust Co. lifted its stake in shares of Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock worth $587,000 after purchasing an additional 136 shares during the period. Tealwood Asset Management Inc. boosted its holdings in shares of Masco by 0.8% during the fourth quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company’s stock worth $1,301,000 after purchasing an additional 147 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Masco by 26.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after purchasing an additional 148 shares during the period. Finally, Keybank National Association OH increased its stake in Masco by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company’s stock valued at $302,000 after purchasing an additional 151 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Down 0.0 %

NYSE MAS opened at $60.46 on Wednesday. The stock has a market cap of $12.75 billion, a P/E ratio of 16.08, a PEG ratio of 1.94 and a beta of 1.24. The company’s fifty day simple moving average is $67.55 and its 200-day simple moving average is $74.62. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. Equities research analysts predict that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s payout ratio is 33.88%.

Analyst Ratings Changes

MAS has been the topic of a number of research analyst reports. Truist Financial decreased their price target on Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Zelman & Associates upgraded shares of Masco to a “strong-buy” rating in a report on Friday, January 17th. Loop Capital set a $62.00 target price on Masco and gave the company a “hold” rating in a report on Thursday, April 24th. Citigroup dropped their price target on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Robert W. Baird reduced their price objective on Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average target price of $73.10.

Insider Transactions at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the completion of the transaction, the chief executive officer now directly owns 60,267 shares of the company’s stock, valued at approximately $4,601,988.12. The trade was a 26.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Renee Straber sold 3,139 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company’s stock, valued at $2,370,678.06. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% 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.