Masco Co. (NYSE:MAS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Masco Co. (NYSE:MAS - Free Report) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,926,143 shares of the construction company's stock after buying an additional 4,649 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.89% of Masco worth $139,780,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of Masco in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in Masco in the 4th quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in Masco during the 4th quarter worth $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco during the third quarter worth $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Masco in the third quarter valued at about $43,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAS has been the subject of several research reports. Zelman & Associates raised shares of Masco to a "strong-buy" rating in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $74.00 price target on shares of Masco in a report on Wednesday, February 12th. UBS Group reduced their price objective on Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group cut Masco from a "buy" rating to a "hold" rating and dropped their target price for the company from $96.00 to $89.00 in a report on Monday, December 16th. Finally, Barclays lifted their price target on Masco from $84.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $86.32.

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Insider Activity at Masco

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the business's 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 transaction, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. The trade was a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company's stock.

Masco Trading Down 3.4 %

Masco stock traded down $2.54 during trading on Tuesday, hitting $71.37. The company had a trading volume of 1,968,332 shares, compared to its average volume of 1,551,630. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth 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 1-year low of $63.81 and a 1-year high of $86.70. The company's 50 day simple moving average is $76.18 and its 200-day simple moving average is $78.73.

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

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were paid 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 1.74%. Masco's dividend payout ratio (DPR) is presently 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.