Chevy Chase Trust Holdings LLC Cuts Stock Position in Masco Co. (NYSE:MAS)

Chevy Chase Trust Holdings LLC cut its stake in Masco Co. (NYSE:MAS - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,728 shares of the construction company's stock after selling 4,553 shares during the period. Chevy Chase Trust Holdings LLC owned 0.08% of Masco worth $12,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC raised its position in Masco by 8.9% during the 4th quarter. V Square Quantitative Management LLC now owns 5,647 shares of the construction company's stock worth $410,000 after buying an additional 462 shares during the last quarter. Van ECK Associates Corp raised its position in Masco by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company's stock worth $235,881,000 after buying an additional 299,520 shares during the last quarter. Sovran Advisors LLC purchased a new position in Masco during the 4th quarter worth approximately $269,000. Equitable Trust Co. raised its position in Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock worth $587,000 after buying an additional 136 shares during the last quarter. Finally, Harbour Trust & Investment Management Co raised its position in Masco by 3.1% during the 4th quarter. Harbour Trust & Investment Management Co now owns 67,367 shares of the construction company's stock worth $4,889,000 after buying an additional 2,005 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Trading Down 0.4 %

Shares of MAS stock traded down $0.34 on Thursday, hitting $76.32. 997,683 shares of the stock traded hands, compared to its average volume of 1,459,369. The firm's 50-day moving average price is $76.27 and its two-hundred day moving average price is $78.73. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The stock has a market capitalization of $16.18 billion, a PE ratio of 20.30, a PEG ratio of 1.96 and a beta of 1.25. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share 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 quarter in the previous year, the business posted $0.83 EPS. As a group, analysts anticipate that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 21st will be given a dividend of $0.31 per share. This is a boost from Masco's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. Masco's payout ratio is presently 32.98%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAS. The Goldman Sachs Group lifted their target price on shares of Masco from $85.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Loop Capital lifted their target price on shares of Masco from $76.00 to $87.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued a "sector perform" rating and issued a $74.00 price target on shares of Masco in a research note on Wednesday, February 12th. Finally, Zelman & Associates raised shares of Masco to a "strong-buy" rating in a research note on Friday, January 17th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $86.32.

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.