7,035 Shares in Masco Co. (NYSE:MAS) Acquired by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC bought a new stake in Masco Co. (NYSE:MAS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,035 shares of the construction company's stock, valued at approximately $511,000.

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

Masco Stock Down 0.4 %

Masco stock traded down $0.29 during trading on Wednesday, reaching $71.10. The stock had a trading volume of 1,522,445 shares, compared to its average volume of 1,553,920. Masco Co. has a 52-week low of $63.81 and a 52-week high of $86.70. The business has a 50 day moving average price of $76.15 and a 200 day moving average price of $78.67. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The stock has a market cap of $15.07 billion, a PE ratio of 18.91, a P/E/G ratio of 1.94 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.83 earnings per share. On average, analysts predict that Masco Co. will post 4.34 EPS for the current year.

Remove Ads

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, February 21st. This is a positive change from Masco's previous quarterly dividend of $0.29. Masco's dividend payout ratio (DPR) is 32.98%.

Insider Buying and Selling

In related 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 transaction, the chief executive officer now directly owns 60,267 shares of the company's stock, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MAS shares. StockNews.com cut shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Barclays raised their price target on Masco from $84.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on Masco from $85.00 to $82.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and set a $74.00 target price on shares of Masco in a report on Wednesday, February 12th. Finally, Citigroup cut their price target on shares of Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $86.32.

Masco Company 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.