Federated Hermes Inc. Purchases 8,810 Shares of Masco Co. (NYSE:MAS)

Federated Hermes Inc. boosted its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,080 shares of the construction company's stock after purchasing an additional 8,810 shares during the period. Federated Hermes Inc. owned about 0.07% of Masco worth $11,109,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in Masco in the 4th quarter valued at $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Masco in the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new stake in shares of Masco in the 4th quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Masco during the 4th quarter worth about $42,000. Finally, MassMutual Private Wealth & Trust FSB lifted 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 during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares in the company, valued at $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 SEC, which is available through this link. Also, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at $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. Insiders own 1.10% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently weighed in on MAS. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $74.00 price objective on shares of Masco in a report on Wednesday, February 12th. Citigroup reduced their price objective on Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. 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 reduced their price target on shares of Masco from $87.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Zelman & Associates upgraded shares of Masco to a "strong-buy" rating in a research report on Friday, January 17th. Ten 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 company has a consensus rating of "Hold" and an average target price of $83.37.

Masco Stock Down 0.8 %

Shares of MAS stock traded down $0.51 during trading hours on Tuesday, hitting $61.90. 1,215,203 shares of the company were exchanged, compared to its average volume of 1,702,007. The company has a market capitalization of $13.10 billion, a PE ratio of 16.46, a PEG ratio of 1.94 and a beta of 1.24. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 52 week low of $57.27 and a 52 week high of $86.70. The business has a 50 day moving average of $71.23 and a two-hundred day moving average of $76.30.

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 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 company earned $0.83 earnings per share. Analysts anticipate that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a yield of 2.00%. This is an increase from Masco's previous quarterly dividend of $0.29. Masco's dividend payout ratio (DPR) is 32.98%.

Masco Profile

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.