Cambiar Investors LLC trimmed its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,066 shares of the construction company's stock after selling 21,814 shares during the period. Cambiar Investors LLC owned 0.07% of Masco worth $10,745,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Masco during the 4th quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the fourth quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco during the third quarter valued at about $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco during the third quarter valued at about $43,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock valued at $50,000 after acquiring an additional 222 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. UBS Group lowered their target price on Masco from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday. Loop Capital raised their target price on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Evercore ISI raised their target price on Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $74.00 price target on shares of Masco in a research note on Wednesday. Nine research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.32.
Check Out Our Latest Research Report on Masco
Masco Stock Performance
MAS stock traded up $0.80 during midday trading on Friday, reaching $78.42. The company had a trading volume of 1,292,936 shares, compared to its average volume of 1,488,001. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The stock has a 50 day moving average price of $76.42 and a 200 day moving average price of $78.70. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The firm has a market capitalization of $16.92 billion, a PE ratio of 20.86, a P/E/G ratio of 2.09 and a beta of 1.25.
Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. Masco had a return on equity of 615.54% and a net margin of 10.54%. During the same period in the prior year, the company earned $0.83 earnings per share. Analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.
Masco Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 21st will be paid a $0.31 dividend. This is an increase from Masco's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 21st. Masco's payout ratio is presently 30.85%.
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.
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