B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,175 shares of the construction company's stock after selling 4,554 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Masco were worth $666,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP increased its holdings in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after acquiring an additional 133 shares during the last quarter. Equitable Trust Co. raised its position 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 purchasing an additional 136 shares during the period. Tealwood Asset Management Inc. boosted its holdings in Masco by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company's stock worth $1,301,000 after buying an additional 147 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Masco by 26.7% in the 4th 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 during the period. Finally, Keybank National Association OH grew its stake in Masco by 3.8% in the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Citigroup reduced their price target on Masco from $82.00 to $77.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Oppenheimer raised shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target for the company in a report on Friday, January 10th. UBS Group dropped their price objective on Masco from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their target price on Masco from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their price objective on Masco from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $84.50.
View Our Latest Research Report on Masco
Insiders Place Their Bets
In other Masco news, CEO Keith J. Allman sold 21,723 shares of the firm's 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 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 filing with the SEC, which can be accessed through this link. Also, VP Renee Straber sold 3,139 shares of Masco stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $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. 1.10% of the stock is currently owned by company insiders.
Masco Trading Down 4.6 %
NYSE:MAS traded down $2.96 during midday trading on Thursday, reaching $60.81. 452,928 shares of the stock traded hands, compared to its average volume of 1,695,697. The company has a fifty day moving average of $72.17 and a 200 day moving average of $76.78. Masco Co. has a 12 month low of $57.27 and a 12 month high of $86.70. The stock has a market capitalization of $12.87 billion, a P/E ratio of 16.22, a PEG ratio of 1.94 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.
Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same quarter last year, the company earned $0.83 earnings per share. On average, research analysts predict that Masco Co. will post 4.34 EPS for the current 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 given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 2.04%. This is a boost from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is currently 32.98%.
About Masco
(
Free Report)
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.
Read More
Before you consider Masco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Masco wasn't on the list.
While Masco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
