Cibc World Markets Corp Boosts Holdings in Masco Co. (NYSE:MAS)

Cibc World Markets Corp lifted its position in shares of Masco Co. (NYSE:MAS - Free Report) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,162 shares of the construction company's stock after acquiring an additional 4,388 shares during the quarter. Cibc World Markets Corp's holdings in Masco were worth $2,479,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Masco during the fourth quarter worth about $27,000. ORG Wealth Partners LLC purchased a new position in Masco in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new position in Masco in the 4th quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Masco by 26.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock worth $51,000 after acquiring an additional 148 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Masco by 74.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Price Performance

NYSE MAS traded down $0.45 on Tuesday, reaching $70.33. 2,049,146 shares of the company's stock traded hands, compared to its average volume of 1,568,242. The stock has a market cap of $14.91 billion, a PE ratio of 18.70, a P/E/G ratio of 1.94 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The stock has a 50-day simple moving average of $75.82 and a 200 day simple moving average of $78.14.

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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, topping analysts' consensus estimates 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 posted $0.83 EPS. As a group, research analysts predict that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 1.76%. Masco's dividend payout ratio is currently 32.98%.

Insider Buying and Selling

In related news, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MAS shares. UBS Group dropped their price objective on Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Citigroup cut their price objective on shares of Masco from $82.00 to $77.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Barclays upped their target price on shares of Masco from $84.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer raised shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group upped their price target on shares of Masco from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Nine 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.32.

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.