Abacus FCF Advisors LLC Has $3.65 Million Stock Holdings in Masco Co. (NYSE:MAS)

Abacus FCF Advisors LLC boosted its position in Masco Co. (NYSE:MAS - Free Report) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,316 shares of the construction company's stock after buying an additional 15,996 shares during the quarter. Abacus FCF Advisors LLC's holdings in Masco were worth $3,651,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Masco by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock valued at $371,265,000 after purchasing an additional 58,739 shares during the last quarter. Van ECK Associates Corp grew its position in Masco by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company's stock valued at $235,881,000 after purchasing an additional 299,520 shares in the last quarter. Nordea Investment Management AB increased its stake in Masco by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company's stock valued at $218,063,000 after buying an additional 520,555 shares during the last quarter. Invesco Ltd. increased its stake in Masco by 14.7% in the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after buying an additional 360,931 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Masco by 9.7% during the 4th quarter. Schroder Investment Management Group now owns 2,103,820 shares of the construction company's stock worth $152,569,000 after buying an additional 185,286 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

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Insider Buying and Selling

In other news, CEO Keith J. Allman sold 21,723 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the sale, the chief executive officer now directly owns 60,267 shares in the company, valued at approximately $4,601,988.12. This represents a 26.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Renee Straber sold 3,139 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the sale, the vice president now directly owns 33,027 shares in the company, valued at approximately $2,370,678.06. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Masco Stock Performance

MAS stock traded up $0.16 during mid-day trading on Friday, hitting $61.86. 2,489,900 shares of the company were exchanged, compared to its average volume of 1,703,136. Masco Co. has a 1-year low of $57.27 and a 1-year high of $86.70. The stock has a market capitalization of $13.09 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The business has a 50 day simple moving average of $71.54 and a 200-day simple moving average of $76.44. 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 (NYSE:MAS - Get Free Report) last released its quarterly earnings results 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 posted $0.83 earnings per share. On average, equities analysts forecast that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on MAS. Deutsche Bank Aktiengesellschaft started coverage on Masco in a research report on Tuesday, April 1st. They issued a "hold" rating and a $71.00 target price on the stock. The Goldman Sachs Group boosted their price target on Masco from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $74.00 price objective on shares of Masco in a report on Wednesday, February 12th. Oppenheimer upgraded shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 target price on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group cut shares of Masco from a "buy" rating to a "hold" rating and cut their price target for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $84.50.

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.