Corient Private Wealth LLC Has $1.77 Million Stake in Masco Co. (NYSE:MAS)

Corient Private Wealth LLC lessened its holdings in Masco Co. (NYSE:MAS - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,387 shares of the construction company's stock after selling 6,344 shares during the period. Corient Private Wealth LLC's holdings in Masco were worth $1,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in Masco in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in shares of Masco in the fourth quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in Masco during the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB grew its holdings in Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock valued at $51,000 after purchasing an additional 148 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Performance

MAS traded up $0.13 during trading hours on Thursday, hitting $70.54. The company's stock had a trading volume of 1,984,268 shares, compared to its average volume of 1,569,490. The firm has a market capitalization of $14.95 billion, a PE ratio of 18.76, a PEG ratio of 1.94 and a beta of 1.24. The company has a 50-day simple moving average of $75.43 and a 200 day simple moving average of $77.98. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74.

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Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.83 earnings per share. As a group, sell-side analysts expect that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were issued a $0.31 dividend. This is a positive change from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. Masco's dividend payout ratio is 32.98%.

Wall Street Analyst Weigh In

MAS has been the subject of several recent analyst reports. 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, February 12th. Barclays raised their price objective on Masco from $84.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted 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. Zelman & Associates upgraded Masco to a "strong-buy" rating in a research note on Friday, January 17th. Finally, Citigroup dropped their price target on shares of Masco from $82.00 to $77.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned 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 target price of $86.32.

Insider Activity at Masco

In related 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 value of $1,658,768.28. Following the transaction, the chief executive officer now directly owns 60,267 shares in the company, valued at $4,601,988.12. The trade was a 26.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Renee Straber sold 3,139 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the sale, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.