Masco Co. (NYSE:MAS) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its position in Masco Co. (NYSE:MAS - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,448 shares of the construction company's stock after buying an additional 6,296 shares during the period. Mizuho Securities USA LLC's holdings in Masco were worth $1,484,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAS. Allworth Financial LP lifted its holdings in Masco by 17.3% in the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company's stock valued at $71,000 after acquiring an additional 133 shares during the period. Equitable Trust Co. grew its position in shares of Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock valued at $587,000 after acquiring an additional 136 shares during the period. Tealwood Asset Management Inc. increased its stake in shares of Masco by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company's stock valued at $1,301,000 after purchasing an additional 147 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 148 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Masco by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

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Masco Stock Performance

Shares of NYSE:MAS traded down $1.83 on Friday, reaching $68.63. The company's stock had a trading volume of 1,142,718 shares, compared to its average volume of 1,651,182. Masco Co. has a 52-week low of $63.81 and a 52-week high of $86.70. The stock has a market capitalization of $14.55 billion, a P/E ratio of 18.25, a PEG ratio of 1.94 and a beta of 1.24. The stock's 50-day moving average is $75.24 and its two-hundred day moving average is $77.92. 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 (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping 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 quarter in the previous year, the business posted $0.83 earnings per share. As a group, sell-side analysts forecast that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a $0.31 dividend. This is an increase from Masco's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, February 21st. Masco's dividend payout ratio (DPR) is presently 32.98%.

Insider Buying and Selling

In other Masco news, VP Renee Straber sold 3,139 shares of Masco stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the sale, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction on 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 owns 60,267 shares in the company, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group cut their price target on shares of Masco from $94.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Barclays boosted their price objective on Masco from $84.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Zelman & Associates upgraded Masco to a "strong-buy" rating in a research report on Friday, January 17th. Jefferies Financial Group cut Masco from a "buy" rating to a "hold" rating and dropped their price target for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $74.00 price objective on shares of Masco 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Masco currently has an average 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.