4,110 Shares in Masco Co. (NYSE:MAS) Acquired by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new stake in shares of Masco Co. (NYSE:MAS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,110 shares of the construction company’s stock, valued at approximately $298,000.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Masco during the fourth quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in Masco in the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Masco during the fourth quarter valued at about $42,000. GeoWealth Management LLC grew its position in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock valued at $50,000 after purchasing an additional 322 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted 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 worth $51,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

MAS has been the subject of several research analyst reports. Truist Financial cut their price target on Masco from $92.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Masco from $82.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masco in a research note on Tuesday, April 1st. They set a “hold” rating and a $71.00 price target on the stock. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Robert W. Baird decreased their target price on shares of Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.10.

Masco Stock Performance

Masco stock opened at $69.27 on Tuesday. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The company’s 50-day moving average is $65.31 and its 200 day moving average is $73.18. The firm has a market capitalization of $14.61 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 838.32% and a net margin of 10.50%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts forecast that Masco Co. will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, May 23rd. Masco’s dividend payout ratio is currently 33.88%.

Insider Activity

In related news, CEO Keith J. Allman sold 21,723 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total value of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares in the company, valued at approximately $4,601,988.12. The trade was a 26.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Renee Straber sold 3,139 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at $2,370,678.06. The trade was 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.