Andra AP fonden Has $15.14 Million Stake in Masco Co. (NYSE:MAS)

Andra AP fonden grew its stake in Masco Co. (NYSE:MAS - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,600 shares of the construction company's stock after purchasing an additional 5,600 shares during the period. Andra AP fonden owned approximately 0.10% of Masco worth $15,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Masco in the 4th quarter valued at about $27,000. ORG Wealth Partners LLC purchased a new position in Masco in the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Masco in the fourth quarter valued at $30,000. Capital Performance Advisors LLP purchased a new stake in Masco during the 3rd quarter worth approximately $38,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Masco during the third quarter worth about $43,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on MAS shares. Wells Fargo & Company dropped their target price on Masco from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. UBS Group reduced their price objective on shares of Masco from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Citigroup cut their target price on Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group raised their price objective on shares of Masco from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays increased their target price on Masco from $84.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Masco presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.32.

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Insider Transactions at Masco

In other Masco news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction on 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 transaction, the chief executive officer now directly owns 60,267 shares of the company's stock, valued at approximately $4,601,988.12. This trade represents a 26.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Masco Stock Down 0.4 %

NYSE:MAS traded down $0.29 during trading hours on Wednesday, reaching $71.10. The company's stock had a trading volume of 1,522,443 shares, compared to its average volume of 1,545,331. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The business's 50-day moving average is $76.15 and its 200-day moving average is $78.67. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company posted $0.83 earnings per share. Equities research analysts predict that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 21st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.74%. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Masco's payout ratio is presently 32.98%.

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.