Inceptionr LLC purchased a new position in shares of Masco Co. (NYSE:MAS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,406 shares of the construction company's stock, valued at approximately $828,000.
A number of other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Masco by 6.7% during the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company's stock worth $170,000 after acquiring an additional 128 shares during the period. WCM Investment Management LLC raised its stake in shares of Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company's stock valued at $3,756,000 after buying an additional 132 shares during the period. Metis Global Partners LLC raised its stake in shares of Masco by 1.9% in the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company's stock valued at $590,000 after buying an additional 133 shares during the period. Allworth Financial LP raised its stake in shares of Masco by 17.3% in 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. Finally, Equitable Trust Co. raised its stake in shares of Masco by 1.7% in the fourth quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock valued at $587,000 after buying an additional 136 shares during the period. 93.91% of the stock is currently owned by institutional investors.
Masco stock opened at $75.25 on Friday. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The business has a 50-day simple moving average of $76.11 and a 200 day simple moving average of $78.75. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.94 and a beta of 1.24.
Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, research analysts forecast that Masco Co. will post 4.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, February 21st. This represents a $1.24 annualized dividend and a yield of 1.65%. This is a positive change from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is 32.98%.
In other Masco news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.
Several analysts have issued reports on the company. StockNews.com lowered Masco from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Royal Bank of Canada restated a "sector perform" rating and issued a $74.00 target price on shares of Masco in a research note on Wednesday, February 12th. UBS Group lowered their target price on Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Jefferies Financial Group lowered Masco from a "buy" rating to a "hold" rating and lowered their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Finally, Barclays lifted their price target on Masco from $84.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.32.
Check Out Our Latest Research Report on 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.
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